Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Pier Capital LLC

Pier Capital LLC cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 51.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 520 shares of the semiconductor company’s stock after selling 554 shares during the period. Pier Capital LLC’s holdings in Monolithic Power Systems were worth $308,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its stake in 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 purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth about $27,000. West Oak Capital LLC boosted its position 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 acquiring an additional 545 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems during the 4th quarter valued at about $39,000. Finally, AlphaQuest LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $41,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MPWR. 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 report on Friday. Wells Fargo & Company dropped their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday. KeyCorp lifted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Oppenheimer restated an “outperform” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $851.58.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $627.93 on Tuesday. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The company has a 50 day moving average price of $637.11 and a 200 day moving average price of $704.09. The stock has a market capitalization of $30.06 billion, a P/E ratio of 17.08, a PEG 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 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal 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 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s payout ratio is currently 16.97%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

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.