Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,851 shares of the semiconductor company's stock after selling 779 shares during the period. NewEdge Advisors LLC's holdings in Monolithic Power Systems were worth $5,829,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Avantax Advisory Services Inc. boosted its stake in shares of Monolithic Power Systems by 0.4% in 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 period. WP Advisors LLC boosted its position in Monolithic Power Systems by 3.2% in the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock valued at $309,000 after buying an additional 16 shares during the period. Allworth Financial LP grew its stake in shares of Monolithic Power Systems by 11.5% in the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock worth $92,000 after acquiring an additional 16 shares in the last quarter. Keybank National Association OH grew its stake in shares of Monolithic Power Systems by 1.2% in the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock worth $1,079,000 after acquiring an additional 22 shares in the last quarter. Finally, Truvestments Capital LLC increased 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 period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR traded up $25.48 on Wednesday, reaching $537.30. The stock had a trading volume of 598,123 shares, compared to its average volume of 771,799. The stock has a market cap of $25.72 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The business's 50-day moving average price is $584.67 and its 200 day moving average price is $649.63. 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 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%. On average, sell-side 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.16%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.97%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MPWR. Citigroup decreased their target price on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered 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 report on Friday, March 21st. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Stifel Nicolaus lowered their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, KeyCorp raised their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average target price of $826.17.

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.