Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 497,488 shares of the semiconductor company’s stock after selling 423,459 shares during the quarter. JPMorgan Chase & Co.’s holdings in Monolithic Power Systems were worth $294,364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. WINTON GROUP Ltd lifted its stake in shares of Monolithic Power Systems by 187.8% in the 4th quarter. WINTON GROUP Ltd now owns 1,845 shares of the semiconductor company’s stock worth $1,092,000 after acquiring an additional 1,204 shares during the period. Artisan Partners Limited Partnership raised its holdings in Monolithic Power Systems by 39.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 358,777 shares of the semiconductor company’s stock worth $212,288,000 after purchasing an additional 101,156 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Monolithic Power Systems by 13.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 78,548 shares of the semiconductor company’s stock worth $48,690,000 after purchasing an additional 9,532 shares during the period. Korea Investment CORP boosted its stake in Monolithic Power Systems by 33.5% during the 4th quarter. Korea Investment CORP now owns 36,702 shares of the semiconductor company’s stock valued at $21,717,000 after purchasing an additional 9,217 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Monolithic Power Systems during the 4th quarter valued at $473,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 3.6 %

Shares of NASDAQ:MPWR opened at $579.89 on Monday. The company’s fifty day moving average is $637.11 and its two-hundred day moving average is $697.25. The company has a market cap of $27.76 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. 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 posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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%. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business 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 dividend of $1.56 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction 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 completion of the sale, the executive vice president now 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 filing with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on MPWR. Rosenblatt Securities cut their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Oppenheimer restated an “outperform” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. KeyCorp boosted their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Loop Capital raised their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $851.58.

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.