Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,436 shares of the semiconductor company’s stock after selling 635 shares during the period. Congress Wealth Management LLC DE’s holdings in Monolithic Power Systems were worth $10,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. Paragon Advisors LLC increased its stake in shares of Monolithic Power Systems by 140.6% in the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after acquiring an additional 2,997 shares during the period. Perpetual Ltd grew its position in Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after purchasing an additional 2,679 shares during the period. FMR LLC raised its stake in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Monolithic Power Systems in the 3rd quarter valued at about $54,201,000. Finally, ICICI Prudential Asset Management Co Ltd purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $3,182,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on MPWR shares. Oppenheimer reiterated an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday. Wells Fargo & Company decreased their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday. Citigroup began coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Needham & Company LLC increased their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities cut their price target on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $627.93 on Tuesday. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The stock has a market capitalization of $30.06 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 2.60 and a beta of 1.03. The stock has a 50 day moving average price of $637.11 and a 200 day moving average price of $704.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate 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, analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business 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 $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.99%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Insider Activity

In other Monolithic Power Systems news, 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 transaction of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

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.