TFB Advisors LLC Sells 125 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

TFB Advisors LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 500 shares of the semiconductor company’s stock after selling 125 shares during the quarter. TFB Advisors LLC’s holdings in Monolithic Power Systems were worth $296,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in MPWR. Outlook Wealth Advisors LLC lifted its position in Monolithic Power Systems by 2.5% during the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 12 shares during the period. Greenleaf Trust raised its stake in Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after buying an additional 14 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 14 shares during the period. Graypoint LLC boosted its stake in shares of Monolithic Power Systems by 3.9% in the 3rd quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock worth $373,000 after buying an additional 15 shares during the last quarter. Finally, TrinityPoint Wealth LLC grew its holdings in shares of Monolithic Power Systems by 3.2% in the third quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company’s stock worth $449,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was 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 in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $699.46 on Thursday. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company’s fifty day moving average price is $625.79 and its 200-day moving average price is $752.19. The company has a market capitalization of $34.12 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.53 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 22.49%. Equities research analysts expect that Monolithic Power Systems, Inc. will post 13 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 13.60%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MPWR. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. KeyCorp increased their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. TD Cowen decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Oppenheimer dropped their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average 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.