Skandinaviska Enskilda Banken AB publ Reduces Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Skandinaviska Enskilda Banken AB publ lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,720 shares of the semiconductor company's stock after selling 6,745 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.10% of Monolithic Power Systems worth $29,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MPWR. EULAV Asset Management increased its position in Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company's stock valued at $100,099,000 after purchasing an additional 8,600 shares during the period. Paragon Advisors LLC increased its position 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 valued at $3,034,000 after buying an additional 2,997 shares during the period. Empowered Funds LLC raised its stake in Monolithic Power Systems by 29.0% in the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock worth $3,741,000 after buying an additional 909 shares in the last quarter. Perpetual Ltd lifted its holdings in Monolithic Power Systems by 1,042.4% in the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock worth $1,737,000 after buying an additional 2,679 shares during the period. Finally, FMR LLC boosted its position in Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after acquiring an additional 361,416 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

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Monolithic Power Systems Stock Up 6.1 %

Shares of Monolithic Power Systems stock traded up $34.85 during trading hours on Friday, reaching $606.06. 915,963 shares of the stock traded hands, compared to its average volume of 891,022. The company has a 50 day moving average price of $636.23 and a 200 day moving average price of $716.92. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The firm has a market capitalization of $29.01 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) 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%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.03%. Monolithic Power Systems's dividend payout ratio is 16.97%.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction on Friday, February 7th. The stock was 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 owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Oppenheimer lowered their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. KeyCorp upped their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Loop Capital raised their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $866.17.

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.