Mutual of America Capital Management LLC Sells 213 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mutual of America Capital Management LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,426 shares of the semiconductor company’s stock after selling 213 shares during the period. Mutual of America Capital Management LLC’s holdings in Monolithic Power Systems were worth $3,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MPWR. Tradewinds Capital Management LLC boosted its holdings in Monolithic Power Systems by 120.0% in 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 in the last quarter. West Oak Capital LLC boosted its holdings in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 545 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems in the third quarter worth approximately $36,000. Golden State Wealth Management LLC bought a new position in Monolithic Power Systems in the fourth quarter worth approximately $39,000. Finally, Rakuten Securities Inc. boosted its holdings in Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 4.1 %

Shares of MPWR opened at $612.19 on Thursday. The company has a market capitalization of $29.86 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.60 and a beta of 1.03. The stock has a 50 day moving average of $639.41 and a 200 day moving average of $733.68. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 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, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced 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 is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value 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 $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MPWR. Wells Fargo & Company increased their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. KeyCorp raised their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Company Profile

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.