PNC Financial Services Group Inc. Sells 695 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

PNC Financial Services Group Inc. lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,444 shares of the semiconductor company’s stock after selling 695 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Monolithic Power Systems were worth $5,588,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC increased its position in Monolithic Power Systems by 120.0% during the fourth 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. West Oak Capital LLC boosted its stake in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after buying an additional 545 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Monolithic Power Systems during the third quarter worth $36,000. Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth $39,000. Finally, Rakuten Securities Inc. boosted its stake in Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after buying an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MPWR shares. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Rosenblatt Securities reiterated a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Oppenheimer reduced their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Finally, Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two equities research 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 a consensus price target of $866.17.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business’s 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 sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Up 2.2 %

Monolithic Power Systems stock opened at $582.99 on Thursday. The stock has a 50-day simple moving average of $636.96 and a 200 day simple moving average of $721.68. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The stock has a market capitalization of $27.91 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 2.60 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 20.36%. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared 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 1.07%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s 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.