Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Ieq Capital LLC

Ieq Capital LLC trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,325 shares of the semiconductor company’s stock after selling 464 shares during the period. Ieq Capital LLC’s holdings in Monolithic Power Systems were worth $1,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. Aptus Capital Advisors LLC grew its stake in shares of Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 14 shares during the period. Graypoint LLC grew its position in Monolithic Power Systems by 3.9% during the third quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock valued at $373,000 after acquiring an additional 15 shares during the period. TrinityPoint Wealth LLC grew its position in Monolithic Power Systems by 3.2% during the third quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company’s stock valued at $449,000 after acquiring an additional 15 shares during the period. Allworth Financial LP increased its stake in Monolithic Power Systems by 13.0% during the third quarter. Allworth Financial LP now owns 139 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 16 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Monolithic Power Systems by 5.1% in the 3rd quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of research analyst reports. Citigroup initiated coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price for the company. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Oppenheimer reduced their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Loop Capital upped their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC raised their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $866.17.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $652.74 on Tuesday. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock’s 50-day simple moving average is $638.26 and its 200-day simple moving average is $745.12. The firm has a market cap of $31.84 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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 return on equity of 20.36% and a net margin of 80.95%. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 0.96%. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the 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 of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

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.