State of Alaska Department of Revenue Trims Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)


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State of Alaska Department of Revenue trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,888 shares of the semiconductor company’s stock after selling 315 shares during the period. State of Alaska Department of Revenue’s holdings in Monolithic Power Systems were worth $2,522,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Norway Savings Bank purchased a new stake in shares of Monolithic Power Systems in the third quarter worth $34,000. Canada Pension Plan Investment Board purchased a new stake in shares of Monolithic Power Systems in the second quarter worth $71,000. Exchange Traded Concepts LLC grew its stake in shares of Monolithic Power Systems by 4,650.0% in the third quarter. Exchange Traded Concepts LLC now owns 380 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 372 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Monolithic Power Systems in the third quarter worth $148,000. Finally, Huntington National Bank grew its stake in shares of Monolithic Power Systems by 10.7% in the third quarter. Huntington National Bank now owns 537 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 52 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

NASDAQ MPWR opened at $388.22 on Thursday. The stock’s 50-day moving average price is $344.64 and its 200-day moving average price is $294.98. Monolithic Power Systems, Inc. has a 52 week low of $130.12 and a 52 week high of $397.39. The company has a market capitalization of $17.51 billion, a P/E ratio of 118.00, a price-to-earnings-growth ratio of 3.70 and a beta of 0.93.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, October 29th. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.01. Monolithic Power Systems had a return on equity of 17.95% and a net margin of 19.78%. The firm had revenue of $259.42 million during the quarter, compared to analysts’ expectations of $258.12 million. During the same quarter last year, the business posted $1.08 earnings per share. The firm’s revenue was up 53.7% on a year-over-year basis. On average, analysts forecast that Monolithic Power Systems, Inc. will post 3.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, December 30th. Monolithic Power Systems’s dividend payout ratio is currently 79.05%.

MPWR has been the topic of a number of research analyst reports. Raymond James upped their price target on Monolithic Power Systems from $275.00 to $336.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on Monolithic Power Systems from $270.00 to $335.00 and gave the company a “buy” rating in a report on Friday, October 30th. BidaskClub raised Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 23rd. Rosenblatt Securities upped their price target on Monolithic Power Systems from $380.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, January 7th. Finally, Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating and set a $359.00 target price on the stock. in a report on Friday, December 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems has a consensus rating of “Buy” and a consensus target price of $331.45.

In other Monolithic Power Systems news, Director James C. Moyer sold 1,000 shares of Monolithic Power Systems stock in a transaction on Friday, November 13th. The shares were sold at an average price of $307.70, for a total transaction of $307,700.00. Following the completion of the transaction, the director now directly owns 263,308 shares of the company’s stock, valued at $81,019,871.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Maurice Sciammas sold 23,090 shares of Monolithic Power Systems stock in a transaction on Wednesday, January 6th. The stock was sold at an average price of $366.48, for a total transaction of $8,462,023.20. Following the transaction, the vice president now directly owns 277,606 shares of the company’s stock, valued at $101,737,046.88. The disclosure for this sale can be found here. Insiders have sold 94,598 shares of company stock valued at $33,442,306 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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