Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by RMR Wealth Builders

RMR Wealth Builders lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,167 shares of the semiconductor company’s stock after selling 67 shares during the period. RMR Wealth Builders’ holdings in Monolithic Power Systems were worth $691,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. Wealth Enhancement Advisory Services LLC grew its position in shares of Monolithic Power Systems by 10.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,509 shares of the semiconductor company’s stock valued at $2,076,000 after purchasing an additional 329 shares during the period. Nordea Investment Management AB grew its position in shares of Monolithic Power Systems by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 4,082 shares of the semiconductor company’s stock valued at $2,465,000 after purchasing an additional 213 shares during the period. Versant Capital Management Inc grew its position in shares of Monolithic Power Systems by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 41 shares during the period. Tidal Investments LLC grew its position in shares of Monolithic Power Systems by 105.7% in the third quarter. Tidal Investments LLC now owns 6,042 shares of the semiconductor company’s stock valued at $5,586,000 after purchasing an additional 3,105 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at about $23,233,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MPWR. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Citigroup began coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Oppenheimer restated an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Finally, TD Cowen lowered 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. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $828.67.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the sale, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,600 shares of company stock worth $4,656,631. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $591.23 on Friday. The firm has a market capitalization of $28.84 billion, a price-to-earnings ratio of 66.66, a PEG ratio of 2.90 and a beta of 1.03. The company’s 50-day moving average is $619.41 and its two-hundred day moving average is $784.16. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Monolithic Power Systems 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.