Wallace Advisory Group LLC Has $227,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wallace Advisory Group LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 383 shares of the semiconductor company’s stock after selling 68 shares during the quarter. Wallace Advisory Group LLC’s holdings in Monolithic Power Systems were worth $227,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Monolithic Power Systems by 311.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after purchasing an additional 141,277 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Monolithic Power Systems by 1,947.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock valued at $117,826,000 after purchasing an additional 136,391 shares during the period. Geode Capital Management LLC lifted its position in Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after purchasing an additional 133,838 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Monolithic Power Systems by 92,842.9% during the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock worth $114,281,000 after buying an additional 123,481 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Activity

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Monday, December 9th. The shares were 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 in the company, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,600 shares of company stock worth $4,656,631 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TD Cowen cut their price objective on shares of 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. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a research report on Monday, November 18th. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer reissued an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Finally, Needham & Company LLC decreased their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $828.67.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $587.35 on Tuesday. The stock has a market cap of $28.65 billion, a price-to-earnings ratio of 66.22, a PEG ratio of 2.90 and a beta of 1.03. The business has a 50 day simple moving average of $612.46 and a 200 day simple moving average of $780.65. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. On average, analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is 56.37%.

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.