Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,585 shares of the semiconductor company's stock after selling 818 shares during the period. Orion Portfolio Solutions LLC's holdings in Monolithic Power Systems were worth $1,530,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MPWR. Tradewinds Capital Management LLC increased its stake 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 purchasing an additional 24 shares during the period. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems in the fourth quarter worth about $27,000. West Oak Capital LLC increased its stake in 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 buying an additional 545 shares during the period. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at about $39,000. Finally, AlphaQuest LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at about $41,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced 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. Rosenblatt Securities reduced their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. KeyCorp upped their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price target on the stock. Finally, Needham & Company LLC lifted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average price target of $851.58.

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Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Down 6.8 %

Shares of NASDAQ:MPWR traded down $33.43 during trading on Tuesday, reaching $455.19. The stock had a trading volume of 1,587,778 shares, compared to its average volume of 737,983. The firm's 50-day simple moving average is $616.29 and its 200 day simple moving average is $677.70. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The company has a market capitalization of $21.79 billion, a P/E ratio of 12.38, a PEG ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results 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%. Equities research analysts forecast 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. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.37%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's dividend payout ratio is currently 16.97%.

About Monolithic Power Systems

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.