Choreo LLC Lowers Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Choreo LLC lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,221 shares of the semiconductor company’s stock after selling 213 shares during the period. Choreo LLC’s holdings in Monolithic Power Systems were worth $737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Monolithic Power Systems by 11.4% in the 3rd 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 boosted its position in shares of Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after acquiring an additional 42,678 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Monolithic Power Systems by 11.2% during 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 acquiring an additional 133,838 shares during the last quarter. Van ECK Associates Corp grew its stake in Monolithic Power Systems by 26.3% during the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after acquiring an additional 93,362 shares in the last quarter. Finally, Barclays PLC increased its holdings in Monolithic Power Systems by 5.0% in the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock valued at $297,799,000 after acquiring an additional 15,350 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MPWR. 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. Oppenheimer cut their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. TD Cowen decreased their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price for the company. Finally, KeyCorp boosted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Trading Up 9.0 %

Shares of NASDAQ:MPWR opened at $720.25 on Monday. The company has a market capitalization of $35.13 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.53 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The firm’s 50-day moving average is $618.61 and its 200 day moving average is $754.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results 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 22.49%. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm 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. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 13.60%.

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.