SteelPeak Wealth LLC Sells 756 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

SteelPeak Wealth LLC decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,197 shares of the semiconductor company’s stock after selling 756 shares during the period. SteelPeak Wealth LLC’s holdings in Monolithic Power Systems were worth $756,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Monolithic Power Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after purchasing an additional 123,946 shares during the last quarter. FMR LLC increased its holdings in Monolithic Power Systems by 35.0% during the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after buying an additional 929,009 shares during the last quarter. State Street Corp increased its holdings in Monolithic Power Systems by 2.3% during the second quarter. State Street Corp now owns 1,853,175 shares of the semiconductor company’s stock worth $1,002,974,000 after buying an additional 41,208 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Monolithic Power Systems by 140,338.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock worth $362,025,000 after buying an additional 1,023,068 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Monolithic Power Systems by 1.4% during the first quarter. Geode Capital Management LLC now owns 966,299 shares of the semiconductor company’s stock worth $482,618,000 after buying an additional 13,218 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of a number of research analyst reports. Stifel Nicolaus raised 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. Needham & Company LLC increased their target price on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. 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 report on Tuesday, December 26th. KeyCorp increased their target price on shares of Monolithic Power Systems from $600.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, TD Cowen raised their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $668.30.

Insiders Place Their Bets

In related news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $677.44, for a total value of $5,419,520.00. Following the transaction, the chief executive officer now directly owns 899,232 shares of the company’s stock, valued at $609,175,726.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $677.44, for a total value of $5,419,520.00. Following the transaction, the chief executive officer now directly owns 899,232 shares of the company’s stock, valued at $609,175,726.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Saria Tseng sold 1,390 shares of Monolithic Power Systems stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $600.00, for a total transaction of $834,000.00. Following the completion of the transaction, the vice president now directly owns 206,180 shares in the company, valued at $123,708,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,982 shares of company stock valued at $36,880,924. 3.20% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $654.31 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15. The firm has a market cap of $31.84 billion, a PE ratio of 74.69, a PEG ratio of 3.39 and a beta of 1.24. The company has a 50 day simple moving average of $691.51 and a two-hundred day simple moving average of $588.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $452.13 million. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.21 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 0.76%. Monolithic Power Systems’s payout ratio is presently 57.08%.

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.