Fmr LLC Cuts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Fmr LLC cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% in the fourth quarter, Holdings Channel reports. The fund owned 3,118,147 shares of the semiconductor company’s stock after selling 401,229 shares during the quarter. Fmr LLC owned 0.06% of Monolithic Power Systems worth $1,845,008,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. lifted its stake in shares of Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after purchasing an additional 14 shares during the last quarter. WP Advisors LLC raised its holdings in Monolithic Power Systems by 3.2% in the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 16 shares in the last quarter. Allworth Financial LP lifted its position in shares of Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock valued at $92,000 after buying an additional 16 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock valued at $1,079,000 after buying an additional 22 shares in the last quarter. Finally, Truvestments Capital LLC boosted its holdings in shares of Monolithic Power Systems by 5.0% in the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock valued at $273,000 after buying an additional 22 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 transaction of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Oppenheimer reiterated an “outperform” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. KeyCorp boosted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Rosenblatt Securities decreased their price target on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $851.58.

Monolithic Power Systems Trading Down 4.3 %

Shares of NASDAQ:MPWR opened at $477.39 on Monday. Monolithic Power Systems, Inc. has a twelve month low of $425.62 and a twelve month high of $959.64. The company has a market cap of $22.85 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The company’s 50 day moving average is $625.06 and its 200 day moving average is $685.32.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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 paid a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. 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.