Great Lakes Advisors LLC Reduces Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Great Lakes Advisors LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,428 shares of the semiconductor company’s stock after selling 24 shares during the period. Great Lakes Advisors LLC’s holdings in Monolithic Power Systems were worth $845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MPWR. Tradewinds Capital Management LLC boosted its position 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 valued at $26,000 after buying an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $27,000. West Oak Capital LLC boosted its position in Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $39,000. Finally, AlphaQuest LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, 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 trade represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent research reports. Needham & Company LLC upped their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer lowered their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Citigroup initiated coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Loop Capital upped their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $866.17.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $606.06 on Friday. The business has a fifty day moving average price of $636.23 and a 200 day moving average price of $716.92. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company has a market cap of $29.01 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate 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 predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. 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 dividend yield of 1.03%. Monolithic Power Systems’s dividend payout ratio (DPR) is 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.