Oppenheimer Asset Management Inc. Sells 119 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Oppenheimer Asset Management Inc. cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,046 shares of the semiconductor company’s stock after selling 119 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Monolithic Power Systems were worth $1,211,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MPWR. Mn Services Vermogensbeheer B.V. grew its holdings in Monolithic Power Systems by 1.6% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 18,700 shares of the semiconductor company’s stock worth $11,065,000 after acquiring an additional 300 shares during the period. New York Life Investment Management LLC boosted its position in shares of Monolithic Power Systems by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 7,221 shares of the semiconductor company’s stock valued at $4,273,000 after purchasing an additional 32 shares in the last quarter. Harfst & Associates Inc. grew its stake in Monolithic Power Systems by 20.6% during the fourth quarter. Harfst & Associates Inc. now owns 3,388 shares of the semiconductor company’s stock worth $2,005,000 after purchasing an additional 579 shares during the period. Taylor Frigon Capital Management LLC increased its holdings in Monolithic Power Systems by 26.1% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 5,583 shares of the semiconductor company’s stock worth $3,303,000 after purchasing an additional 1,156 shares in the last quarter. Finally, GraniteShares Advisors LLC lifted its stake in Monolithic Power Systems by 9.8% in the fourth quarter. GraniteShares Advisors LLC now owns 1,017 shares of the semiconductor company’s stock valued at $602,000 after buying an additional 91 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was 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 directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on 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 owns 53,444 shares in the company, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Down 5.3 %

MPWR stock opened at $578.92 on Tuesday. The firm has a market capitalization of $28.24 billion, a PE ratio of 15.74, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock’s 50 day moving average is $640.18 and its 200-day moving average is $736.84.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 1.08%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Analyst Ratings Changes

Several brokerages have recently commented on MPWR. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. KeyCorp upped their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company upped their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Company 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.