Burr Financial Services LLC Sells 1,855 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Burr Financial Services LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 77.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 553 shares of the semiconductor company’s stock after selling 1,855 shares during the period. Monolithic Power Systems makes up approximately 0.2% of Burr Financial Services LLC’s holdings, making the stock its 25th biggest position. Burr Financial Services LLC’s holdings in Monolithic Power Systems were worth $327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Monolithic Power Systems by 311.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after buying an additional 141,277 shares during the period. Geode Capital Management LLC boosted its stake in Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after buying an additional 133,838 shares in the last quarter. International Assets Investment Management LLC grew its position in Monolithic Power Systems by 92,842.9% in the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after acquiring an additional 123,481 shares during the period. Finally, Whale Rock Capital Management LLC raised its stake in Monolithic Power Systems by 104.4% during the third quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock worth $185,353,000 after acquiring an additional 102,380 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $1,932,400.00. Following the sale, the chief financial officer now directly owns 56,678 shares of the company’s stock, valued at approximately $43,809,826.88. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,600 shares of company stock valued at $4,656,631 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $689.42 on Thursday. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The stock has a market capitalization of $33.63 billion, a price-to-earnings ratio of 77.73, a PEG ratio of 2.45 and a beta of 1.03. The firm has a fifty day moving average of $600.27 and a two-hundred day moving average of $770.84.

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

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.73%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MPWR. Oppenheimer reissued an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a report on Monday, November 11th. Wells Fargo & Company started coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 price target on the stock. Truist Financial reiterated a “buy” rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. KeyCorp decreased their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Finally, TD Cowen reduced 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $828.67.

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.