Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,935 shares of the semiconductor company’s stock after selling 3,494 shares during the quarter. Victory Capital Management Inc.’s holdings in Monolithic Power Systems were worth $77,545,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Arlington Trust Co LLC lifted its position in Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after buying an additional 23 shares during the period. Operose Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $43,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth $43,000. Lindbrook Capital LLC raised its position in shares of Monolithic Power Systems by 137.0% in the 4th quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after buying an additional 63 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Monolithic Power Systems by 145.8% in the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 70 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $707.22 on Friday. The company has a 50-day moving average price of $678.85 and a 200-day moving average price of $615.35. The stock has a market capitalization of $34.41 billion, a P/E ratio of 84.29, a P/E/G ratio of 3.82 and a beta of 1.22. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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 firm had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.25 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a yield of 0.71%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,790 shares of Monolithic Power Systems 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 $1,897,200.00. Following the transaction, the chief executive officer now directly owns 915,193 shares of the company’s stock, valued at approximately $622,331,240. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael Hsing sold 2,790 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $1,897,200.00. Following the completion of the sale, the chief executive officer now directly owns 915,193 shares of the company’s stock, valued at approximately $622,331,240. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the director now owns 6,269 shares in the company, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Insiders have sold 45,077 shares of company stock worth $30,986,274 over the last ninety days. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MPWR. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday. KeyCorp upped their target price on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Oppenheimer upped 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. Needham & Company LLC restated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday. Finally, Truist Financial raised their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $716.90.

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.