Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,143 shares of the semiconductor company’s stock after selling 3,144 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $9,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Monolithic Power Systems during the 4th quarter worth about $493,807,000. Blair William & Co. IL raised its stake in shares of Monolithic Power Systems by 18.3% in the fourth quarter. Blair William & Co. IL now owns 11,358 shares of the semiconductor company’s stock worth $6,721,000 after purchasing an additional 1,759 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in shares of Monolithic Power Systems by 17.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 10,842 shares of the semiconductor company’s stock worth $6,415,000 after purchasing an additional 1,637 shares during the period. WINTON GROUP Ltd boosted its position in Monolithic Power Systems by 187.8% in the fourth quarter. WINTON GROUP Ltd now owns 1,845 shares of the semiconductor company’s stock valued at $1,092,000 after buying an additional 1,204 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Monolithic Power Systems by 39.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 358,777 shares of the semiconductor company’s stock valued at $212,288,000 after buying an additional 101,156 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of recent research reports. Loop Capital raised their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. KeyCorp upped their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Oppenheimer reiterated an “outperform” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, Citigroup began coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $851.58.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Down 3.6 %

NASDAQ MPWR opened at $579.89 on Monday. The stock has a market capitalization of $27.76 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 2.60 and a beta of 1.03. The stock has a 50-day moving average of $637.11 and a 200 day moving average of $697.25. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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 20.36% and a net margin of 80.95%. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 1.08%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

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.