State of Alaska Department of Revenue Sells 3,440 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

State of Alaska Department of Revenue decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,564 shares of the semiconductor company’s stock after selling 3,440 shares during the quarter. State of Alaska Department of Revenue’s holdings in Monolithic Power Systems were worth $3,292,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. NBC Securities Inc. raised its position in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. West Oak Capital LLC increased its position in shares of Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 545 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Monolithic Power Systems during the 3rd quarter valued at $36,000. Finally, Rakuten Securities Inc. lifted its position in Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after buying an additional 41 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MPWR shares. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday. TD Cowen reduced their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research 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. Needham & Company LLC increased their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $866.17.

Monolithic Power Systems Trading Up 9.0 %

MPWR opened at $720.25 on Monday. The business’s fifty day simple moving average is $618.61 and its 200-day simple moving average is $754.03. 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.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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%. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.56 dividend. This is an increase 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 payout ratio is 13.60%.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on 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 in the company, valued at $32,066,400. This represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Company 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.