Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Xponance Inc.

Xponance Inc. lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,571 shares of the semiconductor company’s stock after selling 299 shares during the quarter. Xponance Inc.’s holdings in Monolithic Power Systems were worth $6,668,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC increased its position in shares of Monolithic Power Systems by 140,338.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock worth $362,025,000 after acquiring an additional 1,023,068 shares in the last quarter. FMR LLC lifted its stake in shares of Monolithic Power Systems by 35.0% during the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after purchasing an additional 929,009 shares in the last quarter. Norges Bank purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $150,233,000. JPMorgan Chase & Co. grew its stake in shares of Monolithic Power Systems by 70.4% in the first quarter. JPMorgan Chase & Co. now owns 671,820 shares of the semiconductor company’s stock valued at $336,272,000 after buying an additional 277,563 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Monolithic Power Systems by 87.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock valued at $179,036,000 after buying an additional 180,500 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the transaction, the chief financial officer now owns 84,768 shares in the company, valued at approximately $51,137,143.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares in the company, valued at $51,137,143.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,077 shares of company stock valued at $30,357,479. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $591.52 on Friday. The company has a market cap of $28.78 billion, a P/E ratio of 67.53, a PEG ratio of 3.32 and a beta of 1.24. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The stock has a fifty day moving average price of $695.22 and a 200 day moving average price of $601.50.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The firm had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.85%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is 57.08%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MPWR shares. Needham & Company LLC upped their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Oppenheimer upped their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. TD Cowen lifted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, KeyCorp raised their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $670.30.

About Monolithic Power Systems

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.