Westover Capital Advisors LLC Sells 71 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Westover Capital Advisors LLC cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,634 shares of the semiconductor company’s stock after selling 71 shares during the period. Westover Capital Advisors LLC’s holdings in Monolithic Power Systems were worth $1,661,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MPWR. FMR LLC lifted its stake in Monolithic Power Systems by 35.0% in the third 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. Vaughan Nelson Investment Management L.P. lifted its stake in Monolithic Power Systems by 87.2% in the third 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. Vanguard Group Inc. lifted its stake in Monolithic Power Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after purchasing an additional 123,946 shares during the last quarter. Rokos Capital Management LLP lifted its stake in Monolithic Power Systems by 133.9% in the third quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock valued at $93,218,000 after purchasing an additional 115,250 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Monolithic Power Systems by 38,510.1% in the fourth quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock valued at $48,222,000 after purchasing an additional 76,250 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeff Zhou sold 200 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the transaction, the director now owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at $89,145,181.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,577 shares of company stock valued at $24,033,249. 3.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MPWR has been the topic of several research analyst reports. Truist Financial upped their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer upped their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen increased their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday. Two equities research 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $716.90.

Monolithic Power Systems Trading Up 9.8 %

Shares of Monolithic Power Systems stock traded up $63.83 during trading on Thursday, hitting $716.42. The stock had a trading volume of 882,695 shares, compared to its average volume of 541,557. The firm has a market cap of $34.87 billion, a price-to-earnings ratio of 80.34, a P/E/G ratio of 3.58 and a beta of 1.21. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The business’s 50-day moving average is $679.69 and its 200 day moving average is $613.10.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 annualized dividend and a dividend yield of 0.70%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio is presently 57.08%.

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.