Los Angeles Capital Management LLC Sells 8,778 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Los Angeles Capital Management LLC reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 44.0% during the 4th quarter, HoldingsChannel reports. The fund owned 11,178 shares of the semiconductor company’s stock after selling 8,778 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Monolithic Power Systems were worth $6,614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. Aptus Capital Advisors LLC increased its holdings in shares of Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 14 shares during the last quarter. Graypoint LLC boosted its position in Monolithic Power Systems by 3.9% during the third quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock worth $373,000 after purchasing an additional 15 shares during the period. TrinityPoint Wealth LLC increased its holdings in shares of Monolithic Power Systems by 3.2% in the third quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company’s stock valued at $449,000 after purchasing an additional 15 shares during the last quarter. Allworth Financial LP raised its position in shares of Monolithic Power Systems by 13.0% in the third quarter. Allworth Financial LP now owns 139 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 16 shares during the period. Finally, WP Advisors LLC raised its position in shares of Monolithic Power Systems by 3.2% in the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 16 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $671.58 on Thursday. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The stock’s fifty day moving average is $638.72 and its 200 day moving average is $743.91. The stock has a market capitalization of $32.76 billion, a P/E ratio of 18.26, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 0.93%. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MPWR. Oppenheimer decreased their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company upped their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. KeyCorp lifted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. TD Cowen decreased their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $866.17.

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.