Cullen Frost Bankers Inc. Sells 47 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cullen Frost Bankers Inc. decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735 shares of the semiconductor company’s stock after selling 47 shares during the period. Cullen Frost Bankers Inc.’s holdings in Monolithic Power Systems were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of MPWR. Graypoint LLC boosted its holdings in Monolithic Power Systems by 3.9% in the 3rd quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock worth $373,000 after buying an additional 15 shares during the period. Capital Performance Advisors LLP bought a new position in Monolithic Power Systems in the 3rd quarter worth $65,000. Assetmark Inc. boosted its holdings in Monolithic Power Systems by 6.6% in the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after buying an additional 1,082 shares during the period. Lindbrook Capital LLC boosted its holdings in Monolithic Power Systems by 24.1% in the 3rd quarter. Lindbrook Capital LLC now owns 165 shares of the semiconductor company’s stock worth $153,000 after buying an additional 32 shares during the period. Finally, Atria Investments Inc boosted its holdings in Monolithic Power Systems by 11.3% in the 3rd quarter. Atria Investments Inc now owns 2,967 shares of the semiconductor company’s stock worth $2,743,000 after buying an additional 301 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 5.5 %

Shares of NASDAQ MPWR opened at $596.79 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The stock has a market capitalization of $29.11 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 2.60 and a beta of 1.03. The firm’s 50-day moving average price is $638.01 and its 200-day moving average price is $729.07.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.56 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s 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 transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was 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 owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on MPWR. Needham & Company LLC increased 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. KeyCorp increased their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a 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 company a “buy” rating in a report on Friday, February 7th. Oppenheimer dropped 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 report on Friday, January 31st. Finally, Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $866.17.

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.