NewEdge Advisors LLC Sells 779 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

NewEdge Advisors LLC lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,851 shares of the semiconductor company’s stock after selling 779 shares during the quarter. NewEdge Advisors LLC’s holdings in Monolithic Power Systems were worth $5,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Monolithic Power Systems by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company’s stock valued at $3,446,223,000 after acquiring an additional 74,046 shares during the last quarter. Geode Capital Management LLC lifted its stake in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock valued at $807,158,000 after purchasing an additional 31,295 shares during the last quarter. Invesco Ltd. grew its holdings in Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company’s stock worth $687,841,000 after purchasing an additional 81,412 shares during the period. Norges Bank acquired a new position in Monolithic Power Systems during the fourth quarter worth approximately $493,807,000. Finally, Van ECK Associates Corp raised its stake in Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after buying an additional 328,203 shares during the period. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MPWR. Rosenblatt Securities reduced their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Loop Capital lifted their price objective 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. Citigroup dropped their price objective on shares of Monolithic Power Systems from $800.00 to $615.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus reduced their target price 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. Finally, KeyCorp increased their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $826.17.

Monolithic Power Systems Trading Down 0.2 %

NASDAQ MPWR opened at $523.58 on Friday. The company has a market cap of $25.06 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company has a 50 day moving average of $592.25 and a 200-day moving average of $657.26.

Monolithic Power Systems (NASDAQ:MPWR) last released its 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 net margin of 80.95% and a return on equity of 20.36%. On average, equities research analysts forecast 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.19%. This is an increase 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 is presently 16.97%.

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.