Monolithic Power Systems, Inc. (MPWR) Stake Lowered by Connable Office Inc.

Connable Office Inc. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 43.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,870 shares of the semiconductor company’s stock after selling 2,167 shares during the quarter. Connable Office Inc.’s holdings in Monolithic Power Systems were worth $322,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its position in shares of Monolithic Power Systems by 2.3% in the second quarter. Ameritas Investment Partners Inc. now owns 14,867 shares of the semiconductor company’s stock valued at $1,433,000 after purchasing an additional 337 shares during the period. ETRADE Capital Management LLC increased its position in Monolithic Power Systems by 5.8% during the third quarter. ETRADE Capital Management LLC now owns 7,854 shares of the semiconductor company’s stock worth $837,000 after acquiring an additional 430 shares during the period. Asset Management One Co. Ltd. increased its position in Monolithic Power Systems by 12.1% during the third quarter. Asset Management One Co. Ltd. now owns 4,180 shares of the semiconductor company’s stock worth $445,000 after acquiring an additional 451 shares during the period. HL Financial Services LLC increased its position in Monolithic Power Systems by 0.9% during the fourth quarter. HL Financial Services LLC now owns 54,447 shares of the semiconductor company’s stock worth $6,118,000 after acquiring an additional 508 shares during the period. Finally, Campbell Newman Asset Management Inc. increased its position in Monolithic Power Systems by 22.8% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,965 shares of the semiconductor company’s stock worth $333,000 after acquiring an additional 551 shares during the period. 92.25% of the stock is currently owned by institutional investors.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 459 shares of Monolithic Power Systems stock in a transaction on Friday, December 1st. The shares were sold at an average price of $117.91, for a total transaction of $54,120.69. Following the sale, the chief financial officer now owns 40,336 shares in the company, valued at $4,756,017.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Saria Tseng sold 4,998 shares of Monolithic Power Systems stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $125.62, for a total transaction of $627,848.76. Following the sale, the vice president now owns 266,726 shares in the company, valued at approximately $33,506,120.12. The disclosure for this sale can be found here. Insiders have sold 73,582 shares of company stock worth $8,668,436 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

Shares of Monolithic Power Systems, Inc. (MPWR) opened at $109.91 on Tuesday. Monolithic Power Systems, Inc. has a 52 week low of $84.45 and a 52 week high of $126.80. The firm has a market cap of $4,580.87, a price-to-earnings ratio of 60.15, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The firm had revenue of $129.43 million for the quarter, compared to the consensus estimate of $126.19 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. The business’s revenue was up 24.9% compared to the same quarter last year. equities research analysts expect that Monolithic Power Systems, Inc. will post 2.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.09%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s payout ratio is currently 53.69%.

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research report on Thursday, November 2nd. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a research report on Friday, October 27th. Finally, Deutsche Bank boosted their target price on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $129.25.

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Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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

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