Mutual of America Capital Management LLC Has $4.89 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mutual of America Capital Management LLC reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,750 shares of the semiconductor company’s stock after selling 425 shares during the period. Mutual of America Capital Management LLC’s holdings in Monolithic Power Systems were worth $4,889,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Achmea Investment Management B.V. bought a new stake in Monolithic Power Systems in the first quarter valued at approximately $27,000. Sunbelt Securities Inc. bought a new stake in Monolithic Power Systems in the first quarter valued at approximately $37,000. Arlington Trust Co LLC increased its stake in Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares in the last quarter. Operose Advisors LLC bought a new stake in Monolithic Power Systems in the third quarter valued at approximately $43,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $43,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 3.8 %

Monolithic Power Systems stock opened at $658.23 on Monday. The company has a market cap of $32.03 billion, a P/E ratio of 75.14, a price-to-earnings-growth ratio of 3.52 and a beta of 1.24. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15. The company has a fifty day simple moving average of $697.25 and a 200 day simple moving average of $598.38.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The business had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a yield of 0.76%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, TD Cowen increased their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $670.30.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares in the company, valued at $141,834,400. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Deming Xiao sold 859 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares in the company, valued at approximately $141,834,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeff Zhou sold 200 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the sale, the director now owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock worth $30,357,479 over the last quarter. 3.20% of the stock is currently owned by insiders.

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.