Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Redwood Investments LLC

Redwood Investments LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,547 shares of the semiconductor company’s stock after selling 38 shares during the quarter. Redwood Investments LLC’s holdings in Monolithic Power Systems were worth $3,499,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Achmea Investment Management B.V. acquired a new stake in Monolithic Power Systems during the first quarter worth about $27,000. Carolinas Wealth Consulting LLC acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $35,000. Sunbelt Securities Inc. purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at approximately $37,000. Operose Advisors LLC acquired a new position in Monolithic Power Systems in the third quarter valued at approximately $43,000. Finally, KB Financial Partners LLC acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MPWR shares. TD Cowen lifted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $600.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $668.30.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $615.71, for a total transaction of $1,539,275.00. Following the completion of the transaction, the chief financial officer now owns 114,881 shares in the company, valued at approximately $70,733,380.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael Hsing sold 58,654 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $583.14, for a total value of $34,203,493.56. Following the transaction, the chief executive officer now owns 937,772 shares in the company, valued at approximately $546,852,364.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $615.71, for a total value of $1,539,275.00. Following the sale, the chief financial officer now owns 114,881 shares of the company’s stock, valued at approximately $70,733,380.51. The disclosure for this sale can be found here. Insiders have sold a total of 164,063 shares of company stock valued at $98,068,024 over the last 90 days. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Up 0.6 %

Shares of MPWR stock opened at $677.42 on Monday. The firm has a 50 day moving average of $688.79 and a two-hundred day moving average of $583.65. The stock has a market capitalization of $32.96 billion, a PE ratio of 77.33, a P/E/G ratio of 3.57 and a beta of 1.24. Monolithic Power Systems, Inc. has a 52 week low of $383.19 and a 52 week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The company had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Analysts expect that Monolithic Power Systems, Inc. will post 10.21 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is presently 57.08%.

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.