Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 493 shares of the semiconductor company’s stock after selling 92 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Monolithic Power Systems were worth $292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Monolithic Power Systems by 5.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 825 shares of the semiconductor company’s stock worth $676,000 after purchasing an additional 45 shares during the last quarter. Cetera Investment Advisers raised its stake in Monolithic Power Systems by 4.0% in the second quarter. Cetera Investment Advisers now owns 7,038 shares of the semiconductor company’s stock valued at $5,784,000 after buying an additional 272 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Monolithic Power Systems by 19.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,344 shares of the semiconductor company’s stock worth $11,412,000 after buying an additional 2,000 shares during the last quarter. Czech National Bank boosted its position in shares of Monolithic Power Systems by 7.1% during the 3rd quarter. Czech National Bank now owns 9,931 shares of the semiconductor company’s stock worth $9,181,000 after acquiring an additional 657 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Monolithic Power Systems by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,165 shares of the semiconductor company’s stock valued at $1,077,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the sale, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at $42,805,551.60. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,100 shares of company stock worth $2,724,231. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Trading Up 4.4 %

Shares of MPWR stock opened at $656.29 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The business’s 50 day moving average is $611.67 and its two-hundred day moving average is $757.24. The company has a market capitalization of $32.01 billion, a P/E ratio of 73.99, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.76%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of research analyst reports. Oppenheimer lowered their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a report on Monday, November 18th. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They set an “equal weight” rating and a $610.00 price target on the stock. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, KeyCorp cut their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Two research 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 has an average rating of “Moderate Buy” and a consensus target price of $820.33.

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.