Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,504 shares of the semiconductor company's stock after selling 30,133 shares during the quarter. Voya Investment Management LLC owned about 0.41% of Monolithic Power Systems worth $117,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its position in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $27,000. West Oak Capital LLC boosted its position in shares of Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 545 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems in the fourth quarter worth $39,000. Finally, AlphaQuest LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at $41,000. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

MPWR has been the topic of several analyst reports. Oppenheimer reissued an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. KeyCorp lifted their price objective 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. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Stifel Nicolaus reduced their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their target price 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $826.17.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Stock Up 0.3 %

MPWR stock traded up $1.49 during trading on Monday, hitting $585.21. 552,209 shares of the company's stock traded hands, compared to its average volume of 774,858. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The business has a fifty day simple moving average of $577.48 and a two-hundred day simple moving average of $640.06. The firm has a market capitalization of $28.02 billion, a P/E ratio of 15.92, a PEG ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) 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, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.97%.

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.