Intrust Bank NA Sells 293 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Intrust Bank NA decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,750 shares of the semiconductor company’s stock after selling 293 shares during the period. Intrust Bank NA’s holdings in Monolithic Power Systems were worth $2,219,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC raised its position in Monolithic Power Systems by 47.9% in the 3rd quarter. Cerity Partners LLC now owns 4,551 shares of the semiconductor company’s stock worth $4,207,000 after purchasing an additional 1,474 shares during the period. Loomis Sayles & Co. L P grew its position in shares of Monolithic Power Systems by 277.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 506 shares of the semiconductor company’s stock worth $468,000 after buying an additional 372 shares during the last quarter. Private Trust Co. NA increased its position in Monolithic Power Systems by 12.2% during the 3rd quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 22 shares during the period. D.A. Davidson & CO. increased its position in shares of Monolithic Power Systems by 5.1% during the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 19 shares during the period. Finally, Blueshift Asset Management LLC bought a new stake in Monolithic Power Systems during the 3rd quarter valued at approximately $429,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

MPWR stock opened at $579.89 on Friday. The stock has a market capitalization of $27.76 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The business has a fifty day moving average price of $637.11 and a 200-day moving average price of $699.67.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.08%. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Citigroup started coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. KeyCorp boosted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities reduced their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $851.58.

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.