Moloney Securities Asset Management LLC Cuts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Moloney Securities Asset Management LLC decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 60.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 526 shares of the semiconductor company’s stock after selling 799 shares during the period. Moloney Securities Asset Management LLC’s holdings in Monolithic Power Systems were worth $311,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Outlook Wealth Advisors LLC raised its position in Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 12 shares in the last quarter. Greenleaf Trust increased its stake in shares of Monolithic Power Systems by 1.5% during the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after buying an additional 14 shares during the period. Aptus Capital Advisors LLC raised its holdings in shares of Monolithic Power Systems by 4.8% in the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 14 shares in the last quarter. Graypoint LLC lifted its stake in Monolithic Power Systems by 3.9% in the third quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock worth $373,000 after acquiring an additional 15 shares during the period. Finally, TrinityPoint Wealth LLC grew its holdings in Monolithic Power Systems by 3.2% during the 3rd quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company’s stock worth $449,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the subject of several recent research reports. Citigroup assumed coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Loop Capital upped their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen dropped their target price on 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. Oppenheimer reduced their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company raised their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday. 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 a consensus rating of “Moderate Buy” and an average target price of $866.17.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly 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 filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $705.36 on Tuesday. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The firm has a market capitalization of $34.41 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.53 and a beta of 1.03. The stock’s 50-day simple moving average is $618.61 and its 200-day simple moving average is $754.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13 earnings per share 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 paid a $1.56 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.88%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

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.