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

Advisor OS LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,326 shares of the semiconductor company’s stock after selling 443 shares during the quarter. Advisor OS LLC’s holdings in Monolithic Power Systems were worth $785,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GraniteShares Advisors LLC lifted its holdings in Monolithic Power Systems by 9.8% in the 4th quarter. GraniteShares Advisors LLC now owns 1,017 shares of the semiconductor company’s stock valued at $602,000 after purchasing an additional 91 shares in the last quarter. FFT Wealth Management LLC raised its position in shares of Monolithic Power Systems by 88.5% in the fourth quarter. FFT Wealth Management LLC now owns 524 shares of the semiconductor company’s stock valued at $310,000 after buying an additional 246 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Monolithic Power Systems by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company’s stock worth $207,049,000 after buying an additional 36,323 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth about $707,000. Finally, Impax Asset Management Group plc boosted its position in Monolithic Power Systems by 26.9% during the fourth quarter. Impax Asset Management Group plc now owns 237,910 shares of the semiconductor company’s stock worth $139,912,000 after acquiring an additional 50,386 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 3.1 %

Shares of MPWR opened at $671.58 on Thursday. The company’s 50-day moving average price is $638.72 and its 200 day moving average price is $743.91. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The firm has a market cap of $32.76 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared 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. This represents a $6.24 dividend on an annualized basis and a yield of 0.93%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. KeyCorp increased their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. 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 objective on the stock. Oppenheimer cut their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $866.17.

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.