Central Pacific Bank Trust Division Sells 79 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Central Pacific Bank Trust Division cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,102 shares of the semiconductor company’s stock after selling 79 shares during the period. Central Pacific Bank Trust Division’s holdings in Monolithic Power Systems were worth $652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPWR. FMR LLC raised its stake in Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after buying an additional 361,416 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Monolithic Power Systems by 311.8% in the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after acquiring an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after purchasing an additional 136,391 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after purchasing an additional 133,838 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Monolithic Power Systems by 92,842.9% in the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after purchasing an additional 123,481 shares during the period. 93.46% of the stock is owned by institutional investors.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. The trade was a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the transaction, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. This represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,600 shares of company stock valued at $14,882,121 over the last three months. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Up 4.3 %

NASDAQ MPWR opened at $619.87 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a 50 day moving average of $639.50 and a 200-day moving average of $790.12. The company has a market cap of $30.24 billion, a PE ratio of 69.88, a PEG ratio of 2.90 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $1.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.81%. Monolithic Power Systems’s payout ratio is 56.37%.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of research reports. TD Cowen cut their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC cut their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Truist Financial restated a “buy” rating and issued a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $828.67.

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.