Symmetry Partners LLC Sells 37 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Symmetry Partners LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 679 shares of the semiconductor company’s stock after selling 37 shares during the quarter. Symmetry Partners LLC’s holdings in Monolithic Power Systems were worth $240,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV raised its holdings in Monolithic Power Systems by 40.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 105 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 30 shares during the last quarter. MQS Management LLC bought a new position in Monolithic Power Systems during the 3rd quarter worth approximately $284,000. Toroso Investments LLC raised its holdings in Monolithic Power Systems by 5.0% during the 3rd quarter. Toroso Investments LLC now owns 1,084 shares of the semiconductor company’s stock worth $394,000 after purchasing an additional 52 shares during the last quarter. CVA Family Office LLC raised its holdings in Monolithic Power Systems by 420.0% during the 3rd quarter. CVA Family Office LLC now owns 130 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 105 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new position in Monolithic Power Systems during the 3rd quarter worth approximately $1,487,000. Institutional investors own 96.42% of the company’s stock.

Monolithic Power Systems Trading Down 1.9 %

NASDAQ MPWR opened at $488.31 on Friday. The company has a fifty day simple moving average of $461.19 and a 200 day simple moving average of $402.92. Monolithic Power Systems, Inc. has a 12-month low of $301.69 and a 12-month high of $541.39. The company has a market cap of $23.10 billion, a P/E ratio of 54.02, a PEG ratio of 1.84 and a beta of 1.14.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a $1.00 dividend. The ex-dividend date is Thursday, March 30th. This represents a $4.00 annualized dividend and a yield of 0.82%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.75. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 33.19%.

Analyst Upgrades and Downgrades

MPWR has been the subject of several analyst reports. Rosenblatt Securities restated a “buy” rating and set a $620.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 9th. StockNews.com initiated coverage on shares of Monolithic Power Systems in a research report on Thursday. They set a “hold” rating for the company. Oppenheimer raised their price objective on shares of Monolithic Power Systems from $450.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Credit Suisse Group raised their price objective on shares of Monolithic Power Systems from $475.00 to $580.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Finally, Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $435.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, February 9th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $542.09.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 1,884 shares of Monolithic Power Systems stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $344.96, for a total value of $649,904.64. Following the completion of the sale, the chief financial officer now owns 121,803 shares of the company’s stock, valued at approximately $42,017,162.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 1,884 shares of Monolithic Power Systems stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $344.96, for a total transaction of $649,904.64. Following the transaction, the chief financial officer now directly owns 121,803 shares of the company’s stock, valued at approximately $42,017,162.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Hsing sold 14,888 shares of Monolithic Power Systems stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $344.96, for a total transaction of $5,135,764.48. Following the transaction, the chief executive officer now directly owns 980,784 shares in the company, valued at $338,331,248.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,605 shares of company stock valued at $45,013,975. 2.00% of the stock is owned by company insiders.

About Monolithic Power Systems

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.