Advisory Services Network LLC trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 31.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 281 shares of the semiconductor company’s stock after selling 128 shares during the quarter. Advisory Services Network LLC’s holdings in Monolithic Power Systems were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the business. Suntrust Banks Inc. boosted its position in shares of Monolithic Power Systems by 3.9% in the fourth quarter. Suntrust Banks Inc. now owns 2,425 shares of the semiconductor company’s stock valued at $282,000 after acquiring an additional 91 shares during the period. M&T Bank Corp boosted its position in shares of Monolithic Power Systems by 5.9% in the fourth quarter. M&T Bank Corp now owns 1,804 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 101 shares during the period. MML Investors Services LLC boosted its position in shares of Monolithic Power Systems by 2.8% in the fourth quarter. MML Investors Services LLC now owns 3,885 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 104 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 81.3% in the fourth quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 139 shares during the period. Finally, Taylor Frigon Capital Management LLC boosted its position in shares of Monolithic Power Systems by 1.1% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 13,820 shares of the semiconductor company’s stock valued at $1,607,000 after acquiring an additional 146 shares during the period. 99.17% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Michael Hsing sold 75,241 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $136.26, for a total transaction of $10,252,338.66. Following the completion of the sale, the chief executive officer now owns 1,202,378 shares of the company’s stock, valued at $163,836,026.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 899 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $123.50, for a total transaction of $111,026.50. Following the sale, the chief financial officer now directly owns 53,907 shares of the company’s stock, valued at approximately $6,657,514.50. The disclosure for this sale can be found here. Insiders have sold 399,533 shares of company stock valued at $53,722,602 in the last ninety days. 4.00% of the stock is currently owned by company insiders.

MPWR opened at $148.85 on Thursday. Monolithic Power Systems, Inc. has a twelve month low of $101.99 and a twelve month high of $152.21. The stock has a market cap of $6.21 billion, a P/E ratio of 62.28, a PEG ratio of 2.02 and a beta of 1.43.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.31. Monolithic Power Systems had a net margin of 18.08% and a return on equity of 18.22%. The business had revenue of $153.50 million during the quarter, compared to analysts’ expectations of $153.63 million. During the same quarter in the prior year, the business posted $0.82 earnings per share. Monolithic Power Systems’s revenue was up 18.6% compared to the same quarter last year. On average, analysts expect that Monolithic Power Systems, Inc. will post 2.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.40 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, March 28th. This represents a $1.60 annualized dividend and a yield of 1.07%. Monolithic Power Systems’s dividend payout ratio is currently 66.95%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 12th. Deutsche Bank boosted their target price on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. ValuEngine raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price (down previously from $155.00) on shares of Monolithic Power Systems in a research report on Wednesday, February 13th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $148.88.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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