Janney Montgomery Scott LLC Sells 1,230 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Janney Montgomery Scott LLC trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.9% during the fourth quarter, HoldingsChannel reports. The firm owned 23,762 shares of the semiconductor company’s stock after selling 1,230 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Monolithic Power Systems were worth $14,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPWR. FMR LLC increased its position in Monolithic Power Systems by 11.4% in the third 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 last quarter. State Street Corp increased its holdings in Monolithic Power Systems by 2.1% in the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after acquiring an additional 42,678 shares during the last quarter. Geode Capital Management LLC raised its stake in Monolithic Power Systems by 11.2% in 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 acquiring an additional 133,838 shares during the period. Van ECK Associates Corp lifted its holdings in Monolithic Power Systems by 26.3% during the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after purchasing an additional 93,362 shares during the last quarter. Finally, Barclays PLC boosted its position in Monolithic Power Systems by 5.0% during the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock worth $297,799,000 after purchasing an additional 15,350 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Down 2.9 %

MPWR stock opened at $678.43 on Monday. The company’s 50 day moving average is $604.82 and its 200 day moving average is $767.95. The stock has a market cap of $33.09 billion, a price-to-earnings ratio of 76.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64.

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

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s payout ratio is currently 56.37%.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $772.96, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,600 shares of company stock worth $4,656,631. 3.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MPWR shares. TD Cowen lowered 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 report on Thursday, October 31st. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. KeyCorp cut their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Oppenheimer reissued an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday, November 11th. Finally, Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.