Montag A & Associates Inc. Has $799,000 Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Montag A & Associates Inc. lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 37.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,346 shares of the semiconductor company’s stock after selling 817 shares during the period. Montag A & Associates Inc.’s holdings in Monolithic Power Systems were worth $799,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. NBC Securities Inc. increased its holdings in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares in the last quarter. West Oak Capital LLC grew its position in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 545 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $36,000. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $39,000. Finally, Rakuten Securities Inc. grew its position in shares of Monolithic Power Systems by 410.0% in the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research report on Thursday, February 6th. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Oppenheimer decreased their target price on 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. Two investment 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, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $866.17.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now 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 through this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $684.93 on Monday. The business’s 50 day simple moving average is $630.25 and its two-hundred day simple moving average is $749.84. The firm has a market cap of $33.41 billion, a P/E ratio of 18.63, a PEG ratio of 2.53 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) 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%. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 13 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.91%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend 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.