Commerce Bank Has $1.64 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Commerce Bank trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 53.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,766 shares of the semiconductor company's stock after selling 3,121 shares during the quarter. Commerce Bank's holdings in Monolithic Power Systems were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MPWR. Tradewinds Capital Management LLC raised its position in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $27,000. West Oak Capital LLC raised its holdings in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $39,000. Finally, AlphaQuest LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth approximately $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MPWR shares. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Needham & Company LLC upped their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Rosenblatt Securities decreased their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, Wells Fargo & Company dropped their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $826.17.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $43.78 during trading hours on Thursday, hitting $580.75. The company had a trading volume of 1,045,862 shares, compared to its average volume of 773,966. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The firm has a market capitalization of $27.80 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The firm's fifty day moving average is $581.71 and its 200-day moving average is $648.85.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted 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%. Analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

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

Monolithic Power Systems 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.