Bleakley Financial Group LLC Sells 196 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bleakley Financial Group LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,067 shares of the semiconductor company’s stock after selling 196 shares during the period. Bleakley Financial Group LLC’s holdings in Monolithic Power Systems were worth $631,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MPWR. FMR LLC increased its holdings in shares of Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares in the last quarter. State Street Corp increased its stake in Monolithic Power Systems by 2.1% during the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after purchasing an additional 42,678 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $1,230,626,000 after buying an additional 133,838 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Monolithic Power Systems by 26.3% during the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after acquiring an additional 93,362 shares during the period. Finally, Barclays PLC boosted its stake in Monolithic Power Systems by 5.0% in the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock worth $297,799,000 after purchasing an additional 15,350 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR opened at $720.25 on Monday. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The firm has a market capitalization of $35.13 billion, a PE ratio of 19.59, a P/E/G ratio of 2.53 and a beta of 1.03. The company’s 50-day moving average is $618.61 and its 200 day moving average is $754.03.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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 22.49%. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.87%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is currently 13.60%.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. Oppenheimer reduced their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Citigroup initiated coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by insiders.

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.