Mirabaud Asset Management Ltd Sells 1,118 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mirabaud Asset Management Ltd cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 18.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,881 shares of the semiconductor company's stock after selling 1,118 shares during the period. Monolithic Power Systems comprises approximately 1.4% of Mirabaud Asset Management Ltd's holdings, making the stock its 24th biggest position. Mirabaud Asset Management Ltd's holdings in Monolithic Power Systems were worth $2,946,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MPWR. Avantax Advisory Services Inc. grew its holdings in shares of Monolithic Power Systems by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after purchasing an additional 14 shares during the last quarter. WP Advisors LLC grew its stake in Monolithic Power Systems by 3.2% during the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock worth $309,000 after buying an additional 16 shares during the last quarter. Allworth Financial LP lifted its stake in Monolithic Power Systems by 11.5% in the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after buying an additional 16 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Monolithic Power Systems by 1.2% during the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after acquiring an additional 22 shares during the period. Finally, Truvestments Capital LLC grew its position in shares of Monolithic Power Systems by 5.0% during the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Down 13.0 %

NASDAQ:MPWR traded down $73.06 during trading hours on Thursday, reaching $488.78. 943,079 shares of the company's stock were exchanged, compared to its average volume of 746,829. The company has a market capitalization of $23.40 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The business's 50-day simple moving average is $613.29 and its two-hundred day simple moving average is $674.60. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio is presently 16.97%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of analyst reports. Rosenblatt Securities reduced 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 research note on Friday, March 21st. Oppenheimer reiterated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. KeyCorp boosted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Needham & Company LLC raised their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They set a "buy" rating and a $700.00 target price on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $851.58.

Insider Transactions at Monolithic Power Systems

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 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 trade represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

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.