CIBC Private Wealth Group LLC Sells 123,470 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

CIBC Private Wealth Group LLC lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,145 shares of the semiconductor company’s stock after selling 123,470 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.35% of Monolithic Power Systems worth $106,274,000 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 MPWR. Arrowstreet Capital Limited Partnership acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $454,000. Tucker Asset Management LLC raised its stake in Monolithic Power Systems by 2,000.0% during the 4th quarter. Tucker Asset Management LLC now owns 357 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 340 shares during the last quarter. Allstate Corp acquired a new position in Monolithic Power Systems during the 4th quarter valued at $844,000. DnB Asset Management AS grew its position in Monolithic Power Systems by 185.4% in the 4th quarter. DnB Asset Management AS now owns 22,432 shares of the semiconductor company’s stock worth $13,273,000 after purchasing an additional 14,571 shares during the last quarter. Finally, Level Four Advisory Services LLC increased its holdings in shares of Monolithic Power Systems by 8.2% during the 4th quarter. Level Four Advisory Services LLC now owns 8,509 shares of the semiconductor company’s stock worth $5,035,000 after purchasing an additional 646 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent research reports. KeyCorp lifted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Oppenheimer reissued an “outperform” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Loop Capital upped their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Rosenblatt Securities decreased their price target on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Finally, Wells Fargo & Company dropped 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. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $851.58.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’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 value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $579.89 on Monday. The company 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. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The business’s 50 day simple moving average is $637.11 and its 200-day simple moving average is $697.25.

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 analysts’ consensus estimates 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, sell-side analysts anticipate 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 1.08%. Monolithic Power Systems’s payout ratio is currently 16.97%.

Monolithic Power Systems 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.