Montag A & Associates Inc. lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 37.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,346 shares of the semiconductor company's stock after selling 817 shares during the quarter. Montag A & Associates Inc.'s holdings in Monolithic Power Systems were worth $799,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. grew its holdings 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 buying an additional 1,082 shares in the last quarter. EULAV Asset Management grew its holdings in shares of Monolithic Power Systems by 8.6% during the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company's stock worth $100,099,000 after purchasing an additional 8,600 shares in the last quarter. Paragon Advisors LLC grew its holdings in shares of Monolithic Power Systems by 140.6% during the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after purchasing an additional 2,997 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Monolithic Power Systems by 29.0% during the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock worth $3,741,000 after purchasing an additional 909 shares in the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Monolithic Power Systems by 1,042.4% during the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock worth $1,737,000 after purchasing an additional 2,679 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.
Monolithic Power Systems Trading Up 0.3 %
MPWR stock traded up $1.74 during midday trading on Wednesday, hitting $692.51. The company had a trading volume of 710,813 shares, compared to its average volume of 888,575. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The stock's 50 day moving average price is $635.04 and its 200 day moving average price is $748.00. The stock has a market cap of $33.78 billion, a price-to-earnings 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 announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Analysts predict 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 will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.90%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's payout ratio is presently 13.60%.
Wall Street Analyst Weigh In
MPWR has been the subject of several recent analyst reports. Loop Capital boosted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. KeyCorp boosted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Oppenheimer cut their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Finally, Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $866.17.
Read Our Latest Research Report on Monolithic Power Systems
Insider Buying and Selling at Monolithic Power Systems
In related news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were 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 of the company's stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.
About Monolithic Power Systems
(
Free Report)
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.
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