Corebridge Financial Inc. Sells 72 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Corebridge Financial Inc. decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,889 shares of the semiconductor company’s stock after selling 72 shares during the quarter. Corebridge Financial Inc.’s holdings in Monolithic Power Systems were worth $7,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MPWR. Tradewinds Capital Management LLC lifted its holdings in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at approximately $39,000. AlphaQuest LLC bought a new position in Monolithic Power Systems in the 4th quarter worth approximately $41,000. Finally, Versant Capital Management Inc grew its stake in Monolithic Power Systems by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after buying an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 3.6 %

MPWR opened at $579.89 on Friday. The stock has a market capitalization of $27.76 billion, a P/E ratio of 15.77, a PEG ratio of 2.60 and a beta of 1.03. The stock has a 50-day moving average price of $637.11 and a 200-day moving average price of $699.67. 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 earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (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%. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.08%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Rosenblatt Securities dropped their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Loop Capital increased their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $851.58.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated 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 owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by corporate insiders.

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.