Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by GraniteShares Advisors LLC

GraniteShares Advisors LLC trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,023 shares of the semiconductor company’s stock after selling 198 shares during the period. GraniteShares Advisors LLC’s holdings in Monolithic Power Systems were worth $645,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Huntington National Bank raised its holdings in shares of Monolithic Power Systems by 5.6% in the 3rd quarter. Huntington National Bank now owns 657 shares of the semiconductor company’s stock worth $304,000 after purchasing an additional 35 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Monolithic Power Systems by 8.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company’s stock worth $90,913,000 after purchasing an additional 15,609 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in shares of Monolithic Power Systems by 36.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock worth $21,945,000 after purchasing an additional 12,600 shares during the period. Czech National Bank raised its holdings in shares of Monolithic Power Systems by 0.5% in the 4th quarter. Czech National Bank now owns 8,391 shares of the semiconductor company’s stock worth $5,293,000 after purchasing an additional 41 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Monolithic Power Systems by 19.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock worth $290,844,000 after purchasing an additional 73,564 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Needham & Company LLC raised their price objective on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Rosenblatt Securities raised their target price on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. TD Cowen raised their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. KeyCorp raised their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Oppenheimer raised their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $670.30.

Monolithic Power Systems Trading Up 1.4 %

NASDAQ MPWR traded up $8.90 during mid-day trading on Tuesday, reaching $655.53. 364,297 shares of the company’s stock traded hands, compared to its average volume of 532,554. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15. The company has a fifty day simple moving average of $697.25 and a 200-day simple moving average of $599.75. The company has a market cap of $31.90 billion, a price-to-earnings ratio of 74.83, a P/E/G ratio of 3.52 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The business had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $1.25 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 annualized dividend and a dividend yield of 0.76%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.08%.

Insider Activity

In other news, insider Deming Xiao sold 859 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was 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 directly owns 208,580 shares in the company, valued at approximately $141,834,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the sale, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Deming Xiao sold 859 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $141,834,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,077 shares of company stock worth $30,357,479. 3.20% of the stock is currently owned by insiders.

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.