National Pension Service cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,476 shares of the semiconductor company's stock after selling 3,612 shares during the period. National Pension Service owned about 0.14% of Monolithic Power Systems worth $39,334,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. FMR LLC raised its holdings in Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after purchasing an additional 361,416 shares during the period. State Street Corp raised its holdings in Monolithic Power Systems by 2.1% in the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company's stock worth $1,930,301,000 after purchasing an additional 42,678 shares during the period. Geode Capital Management LLC raised its holdings in Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock worth $1,230,626,000 after purchasing an additional 133,838 shares during the period. Van ECK Associates Corp raised its holdings in Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after purchasing an additional 328,203 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Monolithic Power Systems by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company's stock worth $207,049,000 after acquiring an additional 36,323 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Monolithic Power Systems stock opened at $611.01 on Friday. The company has a market cap of $29.81 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The company has a fifty day simple moving average of $640.60 and a 200 day simple moving average of $742.47.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio (DPR) is 16.97%.
Several brokerages have recently issued reports on MPWR. Oppenheimer lowered their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Rosenblatt Securities reissued a "neutral" rating and set a $880.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Loop Capital increased their price objective on shares of 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, Citigroup began coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price objective for the company. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus price target of $866.17.
Get Our Latest Stock Analysis on Monolithic Power Systems
In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares of the company's stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.
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.
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