FourThought Financial Partners LLC Sells 234 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

FourThought Financial Partners LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,896 shares of the semiconductor company’s stock after selling 234 shares during the quarter. FourThought Financial Partners LLC’s holdings in Monolithic Power Systems were worth $3,088,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Monolithic Power Systems by 35.0% during the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock valued at $1,655,717,000 after acquiring an additional 929,009 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Monolithic Power Systems by 87.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after purchasing an additional 180,500 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 2.4% during the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after purchasing an additional 123,946 shares during the last quarter. Rokos Capital Management LLP increased its stake in shares of Monolithic Power Systems by 133.9% in the third quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock valued at $93,218,000 after buying an additional 115,250 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Monolithic Power Systems by 38,510.1% in the 4th quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock valued at $48,222,000 after buying an additional 76,250 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MPWR shares. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday. Truist Financial increased their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday. Finally, KeyCorp raised their price objective on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $716.90.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded down $5.67 during trading on Friday, reaching $707.22. 585,707 shares of the company traded hands, compared to its average volume of 544,973. The company has a 50 day moving average price of $678.85 and a 200-day moving average price of $615.35. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15. The firm has a market capitalization of $34.41 billion, a PE ratio of 84.29, a P/E/G ratio of 3.82 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s payout ratio is presently 59.59%.

Insider Activity

In related news, Director Jeff Zhou sold 200 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $750.57, for a total transaction of $150,114.00. Following the completion of the sale, the director now owns 6,269 shares in the company, valued at $4,705,323.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the completion of the transaction, the director now directly owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Deming Xiao sold 859 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares in the company, valued at $141,834,400. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock valued at $30,986,274 over the last three months. Corporate insiders own 3.20% of the company’s stock.

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.