Ostrum Asset Management Sells 1,990 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Ostrum Asset Management decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,770 shares of the semiconductor company's stock after selling 1,990 shares during the quarter. Monolithic Power Systems comprises 3.3% of Ostrum Asset Management's holdings, making the stock its 10th largest holding. Ostrum Asset Management owned approximately 0.13% of Monolithic Power Systems worth $37,733,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $493,807,000. Van ECK Associates Corp lifted its holdings in shares of Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after acquiring an additional 328,203 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $140,795,000. Bank of Nova Scotia increased its holdings in Monolithic Power Systems by 1,320.0% in the 4th quarter. Bank of Nova Scotia now owns 161,800 shares of the semiconductor company's stock valued at $95,737,000 after purchasing an additional 150,406 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $61,968,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Stifel Nicolaus cut their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. KeyCorp raised their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Loop Capital upped their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus target price of $826.17.

Monolithic Power Systems Trading Up 0.5 %

NASDAQ:MPWR traded up $2.97 during trading hours on Friday, hitting $583.72. The company's stock had a trading volume of 508,638 shares, compared to its average volume of 772,909. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The stock has a market capitalization of $27.95 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The stock has a fifty day moving average of $579.62 and a 200-day moving average of $646.44.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's payout ratio is currently 16.97%.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company's stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.