Dakota Wealth Management Has $602,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Dakota Wealth Management decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 53.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,017 shares of the semiconductor company’s stock after selling 1,162 shares during the quarter. Dakota Wealth Management’s holdings in Monolithic Power Systems were worth $602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MPWR. XML Financial LLC boosted its holdings in Monolithic Power Systems by 3.8% in the fourth quarter. XML Financial LLC now owns 991 shares of the semiconductor company’s stock valued at $586,000 after acquiring an additional 36 shares during the last quarter. Perpetual Ltd boosted its stake in shares of Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock valued at $1,737,000 after purchasing an additional 2,679 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Monolithic Power Systems by 34.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,909 shares of the semiconductor company’s stock worth $2,905,000 after buying an additional 1,266 shares during the period. Guinness Asset Management LTD raised its stake in shares of Monolithic Power Systems by 33.4% during the fourth quarter. Guinness Asset Management LTD now owns 890 shares of the semiconductor company’s stock worth $527,000 after buying an additional 223 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in Monolithic Power Systems by 8.1% in the fourth quarter. UMB Bank n.a. now owns 348 shares of the semiconductor company’s stock valued at $206,000 after buying an additional 26 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Down 2.9 %

Monolithic Power Systems stock opened at $678.43 on Friday. The company has a 50 day moving average of $604.82 and a 200-day moving average of $769.14. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock has a market capitalization of $33.09 billion, a PE ratio of 76.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates 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. Equities analysts anticipate 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. Investors of record on Tuesday, December 31st were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. KeyCorp decreased their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Truist Financial reissued a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a research report on Monday, November 18th. Finally, Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target on the stock. 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, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus price target of $828.67.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction on 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 of the company’s stock, valued at $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,600 shares of company stock worth $4,656,631. Corporate insiders own 3.70% of the company’s stock.

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.