Intrust Bank NA Has $2.22 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Intrust Bank NA reduced its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,750 shares of the semiconductor company’s stock after selling 293 shares during the period. Intrust Bank NA’s holdings in Monolithic Power Systems were worth $2,219,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Paragon Advisors LLC boosted its stake in Monolithic Power Systems by 140.6% during the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after acquiring an additional 2,997 shares in the last quarter. Perpetual Ltd boosted its position in shares of Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after purchasing an additional 2,679 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $54,201,000. ICICI Prudential Asset Management Co Ltd bought a new stake in Monolithic Power Systems in the 4th quarter valued at about $3,182,000. Finally, Geode Capital Management LLC boosted its holdings in Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after acquiring an additional 133,838 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Trading Down 3.6 %

NASDAQ:MPWR opened at $579.89 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The firm’s 50 day moving average is $637.11 and its 200 day moving average is $699.67. The stock has a market capitalization of $27.76 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (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%. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.08%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MPWR shares. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company decreased their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Loop Capital lifted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Oppenheimer reiterated an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Finally, KeyCorp boosted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $851.58.

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.