Monolithic Power Systems, Inc. $MPWR Position Lessened by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,645 shares of the semiconductor company’s stock after selling 1,653 shares during the period. Hantz Financial Services Inc.’s holdings in Monolithic Power Systems were worth $11,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Monolithic Power Systems during the second quarter valued at $438,014,000. JPMorgan Chase & Co. increased its holdings in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after acquiring an additional 227,159 shares during the period. Rakuten Investment Management Inc. bought a new stake in Monolithic Power Systems in the 3rd quarter valued at about $197,260,000. Rafferty Asset Management LLC lifted its position in Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after purchasing an additional 140,269 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Monolithic Power Systems by 57.5% during the 3rd quarter. Voya Investment Management LLC now owns 359,312 shares of the semiconductor company’s stock valued at $330,797,000 after purchasing an additional 131,177 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on MPWR. Truist Financial raised their price target on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the company an “outperform” rating in a research report on Tuesday, October 14th. KeyCorp lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company boosted their price target on Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $1,135.42.

Monolithic Power Systems Stock Down 0.7%

Shares of Monolithic Power Systems stock opened at $1,164.83 on Wednesday. The business has a fifty day simple moving average of $989.53 and a 200-day simple moving average of $926.15. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,199.76. The firm has a market cap of $55.81 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 3.29 and a beta of 1.45.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $1.56 per share. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 27,966 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the completion of the sale, the executive vice president directly owned 148,306 shares in the company, valued at approximately $130,755,467.96. This trade represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total transaction of $951,720.00. Following the completion of the transaction, the director owned 28,567 shares in the company, valued at approximately $27,187,785.24. This trade represents a 3.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 66,776 shares of company stock worth $60,099,765. Company insiders own 3.40% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.