Chevy Chase Trust Holdings LLC Sells 544 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Chevy Chase Trust Holdings LLC lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,854 shares of the semiconductor company's stock after selling 544 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Monolithic Power Systems worth $15,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company's stock valued at $16,259,000 after purchasing an additional 1,082 shares during the period. EULAV Asset Management increased its position in Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company's stock valued at $100,099,000 after purchasing an additional 8,600 shares during the period. Paragon Advisors LLC increased its position in Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock valued at $3,034,000 after purchasing an additional 2,997 shares during the period. Empowered Funds LLC increased its position in Monolithic Power Systems by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock valued at $3,741,000 after purchasing an additional 909 shares during the period. Finally, Perpetual Ltd increased its position in Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after purchasing an additional 2,679 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MPWR. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Citigroup initiated coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price objective for the company. Rosenblatt Securities reissued a "neutral" rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Oppenheimer reduced their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Finally, KeyCorp lifted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $866.17.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Up 0.3 %

NASDAQ:MPWR traded up $1.74 during trading hours on Wednesday, hitting $692.51. 675,207 shares of the company traded hands, compared to its average volume of 887,443. The firm's 50-day simple moving average is $631.75 and its 200-day simple moving average is $749.13. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company has a market cap of $33.78 billion, a PE ratio of 18.83, a PEG ratio of 2.58 and a beta of 1.03.

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

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's dividend payout ratio is currently 13.60%.

Monolithic Power Systems Company Profile

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.