Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,854 shares of the semiconductor company’s stock after selling 544 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Monolithic Power Systems worth $15,298,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its position in Monolithic Power Systems by 9.9% in the fourth quarter. V Square Quantitative Management LLC now owns 777 shares of the semiconductor company’s stock worth $460,000 after purchasing an additional 70 shares during the period. CFC Planning Co LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $511,000. Vontobel Holding Ltd. increased its holdings in shares of Monolithic Power Systems by 49.6% in the fourth quarter. Vontobel Holding Ltd. now owns 38,853 shares of the semiconductor company’s stock valued at $22,989,000 after buying an additional 12,887 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Monolithic Power Systems by 5.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,512 shares of the semiconductor company’s stock valued at $12,568,000 after buying an additional 1,034 shares in the last quarter. Finally, Kickstand Ventures LLC. bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $322,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on MPWR shares. Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Oppenheimer dropped their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, TD Cowen cut their target price 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $866.17.

Monolithic Power Systems Price Performance

MPWR stock opened at $684.93 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a 50-day moving average of $630.25 and a two-hundred day moving average of $750.63. The stock has a market capitalization of $33.41 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03.

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

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.91%. 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%.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. 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.