RMR Wealth Builders Lowers Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

RMR Wealth Builders cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,167 shares of the semiconductor company’s stock after selling 67 shares during the period. RMR Wealth Builders’ holdings in Monolithic Power Systems were worth $691,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in Monolithic Power Systems by 28.5% during the 2nd quarter. Private Advisor Group LLC now owns 803 shares of the semiconductor company’s stock worth $660,000 after acquiring an additional 178 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $633,000. Dimensional Fund Advisors LP increased its holdings in Monolithic Power Systems by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 151,406 shares of the semiconductor company’s stock valued at $124,405,000 after buying an additional 2,599 shares during the period. E Fund Management Co. Ltd. raised its stake in Monolithic Power Systems by 41.9% in the second quarter. E Fund Management Co. Ltd. now owns 562 shares of the semiconductor company’s stock worth $462,000 after buying an additional 166 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its stake in Monolithic Power Systems by 53.3% in the second quarter. Meiji Yasuda Life Insurance Co now owns 1,380 shares of the semiconductor company’s stock worth $1,134,000 after buying an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MPWR shares. Citigroup began coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Truist Financial restated a “buy” rating and issued a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a report on Monday, November 11th. Finally, Needham & Company LLC decreased their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $828.67.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,600 shares of company stock worth $4,656,631 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Up 2.1 %

Shares of MPWR opened at $602.41 on Thursday. The firm has a 50-day moving average price of $605.34 and a 200 day moving average price of $777.78. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The firm has a market capitalization of $29.39 billion, a P/E ratio of 67.92, a P/E/G ratio of 2.26 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.83%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

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.