Bleakley Financial Group LLC Decreases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bleakley Financial Group LLC trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,067 shares of the semiconductor company’s stock after selling 196 shares during the quarter. Bleakley Financial Group LLC’s holdings in Monolithic Power Systems were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Assetmark Inc. lifted its stake in Monolithic Power Systems by 6.6% in the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares during the last quarter. EULAV Asset Management lifted its position in shares of Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock valued at $100,099,000 after buying an additional 8,600 shares during the last quarter. Paragon Advisors LLC grew its stake in shares of Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after acquiring an additional 2,997 shares during the period. Empowered Funds LLC increased its holdings in Monolithic Power Systems by 29.0% in the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after acquiring an additional 909 shares during the last quarter. Finally, Perpetual Ltd raised its stake in 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 acquiring an additional 2,679 shares during the period. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Oppenheimer reduced their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities restated a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday. Citigroup started coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company raised their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $866.17.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $720.25 on Monday. The company’s fifty day moving average price is $618.61 and its 200-day moving average price is $754.03. The firm has a market capitalization of $35.13 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.53 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 22.49%. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.56 dividend. 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 0.87%. Monolithic Power Systems’s payout ratio is presently 13.60%.

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.