Fmr LLC Sells 401,229 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Fmr LLC lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,118,147 shares of the semiconductor company’s stock after selling 401,229 shares during the quarter. Fmr LLC owned approximately 6.39% of Monolithic Power Systems worth $1,845,008,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Polymer Capital Management HK LTD lifted its position in shares of Monolithic Power Systems by 530.8% during the 4th quarter. Polymer Capital Management HK LTD now owns 4,100 shares of the semiconductor company’s stock valued at $2,426,000 after buying an additional 3,450 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Monolithic Power Systems by 166.7% in the 4th quarter. Federated Hermes Inc. now owns 22,995 shares of the semiconductor company’s stock worth $13,606,000 after buying an additional 14,374 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Monolithic Power Systems in the 4th quarter worth $67,000. Envestnet Asset Management Inc. lifted its position in shares of Monolithic Power Systems by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 173,872 shares of the semiconductor company’s stock valued at $102,880,000 after acquiring an additional 3,272 shares in the last quarter. Finally, Aviva PLC boosted its stake in shares of Monolithic Power Systems by 11.1% in the fourth quarter. Aviva PLC now owns 2,831 shares of the semiconductor company’s stock worth $1,675,000 after acquiring an additional 282 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MPWR shares. Wells Fargo & Company decreased their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Oppenheimer reiterated an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Needham & Company LLC raised their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Finally, Loop Capital upped their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Stock Down 4.3 %

MPWR stock opened at $477.39 on Monday. Monolithic Power Systems, Inc. has a twelve month low of $425.62 and a twelve month high of $959.64. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The firm’s fifty day simple moving average is $625.06 and its two-hundred day simple moving average is $685.32.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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 return on equity of 20.36% and a net margin of 80.95%. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS 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. Shareholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 1.31%. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’s 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 transaction, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

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.