Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,968 shares of the semiconductor company’s stock after selling 158 shares during the quarter. Advisors Asset Management Inc.’s holdings in Monolithic Power Systems were worth $5,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in Monolithic Power Systems by 8.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 35,976 shares of the semiconductor company’s stock worth $21,323,000 after purchasing an additional 2,952 shares during the period. Leelyn Smith LLC grew its holdings in Monolithic Power Systems by 11.4% during the fourth quarter. Leelyn Smith LLC now owns 2,966 shares of the semiconductor company’s stock worth $1,755,000 after acquiring an additional 304 shares during the period. Cibc World Markets Corp grew its holdings in Monolithic Power Systems by 16.3% during the fourth quarter. Cibc World Markets Corp now owns 7,716 shares of the semiconductor company’s stock worth $4,566,000 after acquiring an additional 1,079 shares during the period. Sovereign Investment Advisors LLC purchased a new position in Monolithic Power Systems in the fourth quarter worth $587,000. Finally, Corient Private Wealth LLC lifted its holdings in Monolithic Power Systems by 36.3% in the fourth quarter. Corient Private Wealth LLC now owns 67,694 shares of the semiconductor company’s stock valued at $40,056,000 after acquiring an additional 18,026 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 completion of the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $629.84 on Thursday. The firm’s 50-day moving average is $636.54 and its two-hundred day moving average is $710.61. The stock has a market capitalization of $30.15 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results 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%. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current 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. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 0.99%. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Loop Capital increased their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. Oppenheimer lowered their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, KeyCorp upped their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $866.17.

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.