Zurcher Kantonalbank Zurich Cantonalbank Lowers Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,172 shares of the semiconductor company’s stock after selling 407 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Monolithic Power Systems were worth $10,832,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MPWR. Moneta Group Investment Advisors LLC increased its position in shares of Monolithic Power Systems by 140,338.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock valued at $362,025,000 after purchasing an additional 1,023,068 shares during the last quarter. FMR LLC increased its position in shares of Monolithic Power Systems by 35.0% during the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock valued at $1,655,717,000 after purchasing an additional 929,009 shares during the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $150,233,000. JPMorgan Chase & Co. increased its position in shares of Monolithic Power Systems by 70.4% during the 1st quarter. JPMorgan Chase & Co. now owns 671,820 shares of the semiconductor company’s stock valued at $336,272,000 after purchasing an additional 277,563 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Monolithic Power Systems by 87.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock valued at $179,036,000 after purchasing an additional 180,500 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

MPWR opened at $591.52 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $383.19 and a 52-week high of $778.15. The stock has a market capitalization of $28.78 billion, a PE ratio of 67.53, a price-to-earnings-growth ratio of 3.32 and a beta of 1.24. The stock’s 50 day moving average price is $695.22 and its 200-day moving average price is $601.50.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results 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 business had revenue of $454.01 million for the quarter, compared to analysts’ expectations of $452.13 million. Research analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is presently 57.08%.

Analysts Set New Price Targets

MPWR has been the topic of several recent research reports. Oppenheimer increased their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. KeyCorp raised their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Needham & Company LLC raised their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus raised their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Rosenblatt Securities raised their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $670.30.

Insider Transactions at Monolithic Power Systems

In other news, insider Deming Xiao sold 859 shares of the 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 $584,120.00. Following the sale, the insider now directly owns 208,580 shares in the company, valued at $141,834,400. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the sale, the insider now owns 208,580 shares of the company’s stock, valued at approximately $141,834,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff Zhou sold 200 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the sale, the director now directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,077 shares of company stock worth $30,357,479. 3.20% of the stock is currently owned by company 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.