Park Place Capital Corp Trims Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Park Place Capital Corp lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 57.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 218 shares of the semiconductor company’s stock after selling 297 shares during the quarter. Park Place Capital Corp’s holdings in Monolithic Power Systems were worth $138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Achmea Investment Management B.V. purchased a new position in Monolithic Power Systems in the 1st quarter worth about $27,000. Carolinas Wealth Consulting LLC bought a new position in Monolithic Power Systems during the 2nd quarter worth about $35,000. Sunbelt Securities Inc. bought a new position in Monolithic Power Systems during the 1st quarter worth about $37,000. Operose Advisors LLC bought a new position in Monolithic Power Systems during the 3rd quarter worth about $43,000. Finally, KB Financial Partners LLC bought a new position in Monolithic Power Systems during the 2nd quarter worth about $58,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $654.31 on Friday. The firm has a market cap of $31.84 billion, a PE ratio of 74.69, a PEG ratio of 3.39 and a beta of 1.24. The firm has a fifty day moving average of $691.51 and a 200 day moving average of $588.45. Monolithic Power Systems, Inc. has a one year low of $383.19 and a one year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 10.21 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $1.25 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. This represents a $5.00 annualized dividend and a dividend yield of 0.76%. Monolithic Power Systems’s payout ratio is presently 57.08%.

Analyst Ratings Changes

Several research analysts have issued reports on MPWR shares. Oppenheimer increased their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. TD Cowen increased their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. KeyCorp raised their price target on shares of Monolithic Power Systems from $600.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Rosenblatt Securities raised their price target on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus price target of $668.30.

Insider Activity

In related news, VP Saria Tseng sold 1,390 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $600.00, for a total value of $834,000.00. Following the sale, the vice president now directly owns 206,180 shares in the company, valued at approximately $123,708,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the business’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 sale, the director now directly owns 6,269 shares in the company, valued at $4,705,323.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Saria Tseng sold 1,390 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $600.00, for a total transaction of $834,000.00. Following the sale, the vice president now owns 206,180 shares in the company, valued at $123,708,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,982 shares of company stock valued at $36,880,924. 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.