Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 67.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,124 shares of the semiconductor company’s stock after selling 12,842 shares during the quarter. Pacer Advisors Inc.’s holdings in Monolithic Power Systems were worth $3,863,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MPWR. Private Advisor Group LLC grew its stake in shares of Monolithic Power Systems by 31.3% during the 1st quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock worth $672,000 after purchasing an additional 330 shares during the period. Raymond James Trust N.A. grew its stake in shares of Monolithic Power Systems by 5.4% during the 1st quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock worth $930,000 after purchasing an additional 99 shares during the period. Cibc World Market Inc. grew its stake in shares of Monolithic Power Systems by 1,624.0% during the 1st quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock worth $3,492,000 after purchasing an additional 6,772 shares during the period. Blair William & Co. IL grew its stake in shares of Monolithic Power Systems by 9.3% during the 1st quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock worth $5,019,000 after purchasing an additional 883 shares during the period. Finally, Prudential PLC acquired a new position in shares of Monolithic Power Systems during the 1st quarter worth $439,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $615.71, for a total transaction of $1,539,275.00. Following the completion of the sale, the chief financial officer now owns 114,881 shares of the company’s stock, valued at $70,733,380.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael Hsing sold 58,654 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $583.14, for a total transaction of $34,203,493.56. Following the transaction, the chief executive officer now directly owns 937,772 shares in the company, valued at $546,852,364.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $615.71, for a total value of $1,539,275.00. Following the transaction, the chief financial officer now owns 114,881 shares in the company, valued at $70,733,380.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,063 shares of company stock valued at $98,068,024. 3.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on MPWR. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $600.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, February 8th. TD Cowen upped their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Oppenheimer upped their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $668.30.

Monolithic Power Systems Stock Performance

MPWR opened at $677.42 on Friday. The firm has a 50 day moving average price of $687.87 and a 200 day moving average price of $580.77. The company has a market cap of $32.96 billion, a PE ratio of 77.33, a price-to-earnings-growth ratio of 3.51 and a beta of 1.25. 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 issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The firm had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.21 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business 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. The ex-dividend date is Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 45.66%.

Monolithic Power Systems Profile

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.