Zurcher Kantonalbank Zurich Cantonalbank Has $10.83 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,172 shares of the semiconductor company’s stock after selling 407 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Monolithic Power Systems were worth $10,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its position in Monolithic Power Systems by 12.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 20 shares during the period. Arlington Trust Co LLC raised its position in shares of Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 23 shares during the period. Polen Capital Management LLC raised its position in shares of Monolithic Power Systems by 1.0% in the 3rd quarter. Polen Capital Management LLC now owns 2,489 shares of the semiconductor company’s stock valued at $1,150,000 after acquiring an additional 25 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Monolithic Power Systems by 4.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 613 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 26 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of Monolithic Power Systems by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 5,010 shares of the semiconductor company’s stock valued at $2,508,000 after acquiring an additional 27 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $602.01, for a total value of $4,816,080.00. Following the transaction, the chief executive officer now owns 921,774 shares in the company, valued at $554,917,165.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the transaction, the executive vice president now owns 130,744 shares in the company, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,077 shares of company stock valued at $30,357,479. 3.20% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Trading Down 4.6 %

NASDAQ MPWR opened at $591.52 on Friday. The company has a market cap of $28.78 billion, a PE ratio of 67.53, a PEG ratio of 3.32 and a beta of 1.24. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The stock has a 50 day moving average of $695.22 and a 200-day moving average of $601.50.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly 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 business had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.85%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Oppenheimer increased their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp increased their target price on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Needham & Company LLC increased their target price on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. TD Cowen increased their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Rosenblatt Securities increased their target price on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $670.30.

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.