Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 53.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,017 shares of the semiconductor company’s stock after selling 1,162 shares during the quarter. Dakota Wealth Management’s holdings in Monolithic Power Systems were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC boosted its holdings in Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after purchasing an additional 361,416 shares during the period. The Manufacturers Life Insurance Company grew its stake in Monolithic Power Systems by 311.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after buying an additional 141,277 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after acquiring an additional 133,838 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Monolithic Power Systems by 92,842.9% in the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after buying an additional 123,481 shares during the last quarter. Finally, Whale Rock Capital Management LLC lifted its position in Monolithic Power Systems by 104.4% during the 3rd quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock worth $185,353,000 after acquiring an additional 102,380 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $678.43 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock’s 50-day simple moving average is $604.82 and its 200-day simple moving average is $769.14. The firm has a market cap of $33.09 billion, a price-to-earnings ratio of 76.49, a PEG ratio of 2.64 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MPWR. TD Cowen dropped their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC dropped their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Citigroup began coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Finally, Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $828.67.

Insider Activity

In other news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the sale, the chief financial officer now owns 56,678 shares of the company’s stock, valued at $43,809,826.88. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,600 shares of company stock worth $4,656,631. 3.70% of the stock is owned by company insiders.

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.