American Century Companies Inc. Reduces Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

American Century Companies Inc. decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.3% in the fourth quarter, Holdings Channel reports. The fund owned 195,663 shares of the semiconductor company’s stock after selling 29,893 shares during the period. American Century Companies Inc.’s holdings in Monolithic Power Systems were worth $115,774,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Tradewinds Capital Management LLC grew its position in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in Monolithic Power Systems during the fourth quarter worth $27,000. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at $39,000. AlphaQuest LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth $41,000. Finally, Versant Capital Management Inc increased its stake in shares of Monolithic Power Systems by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 41 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Loop Capital increased their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. KeyCorp raised their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Oppenheimer reiterated an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday. Finally, Rosenblatt Securities cut their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $851.58.

Monolithic Power Systems Trading Down 3.0 %

MPWR opened at $590.98 on Monday. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.60 and a beta of 1.03. The stock’s 50-day moving average price is $636.30 and its 200 day moving average price is $705.59. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 20.36% and a net margin of 80.95%. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid 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 annualized dividend and a dividend yield of 1.06%. Monolithic Power Systems’s payout ratio is 16.97%.

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.