O Shaughnessy Asset Management LLC Has $1.36 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

O Shaughnessy Asset Management LLC trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,299 shares of the semiconductor company’s stock after selling 272 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Monolithic Power Systems were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in MPWR. Tradewinds Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management bought a new stake in Monolithic Power Systems during the fourth quarter worth $27,000. West Oak Capital LLC boosted its holdings in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at $39,000. Finally, AlphaQuest LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth $41,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MPWR has been the subject of several research reports. Oppenheimer reissued an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities dropped their price target on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Needham & Company LLC upped their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Finally, KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $851.58.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $477.39 on Friday. The business has a 50-day simple moving average of $625.06 and a 200 day simple moving average of $686.54. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a one year low of $451.29 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 return on equity of 20.36% and a net margin of 80.95%. On average, sell-side 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 announced 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. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

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.