Monolithic Power Systems, Inc. (MPWR) Stake Lessened by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,667 shares of the semiconductor company’s stock after selling 688 shares during the period. First Citizens Bank & Trust Co.’s holdings in Monolithic Power Systems were worth $300,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Monolithic Power Systems in the second quarter valued at approximately $121,000. D.A. Davidson & CO. grew its holdings in shares of Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 172 shares in the last quarter. FDx Advisors Inc. bought a new position in shares of Monolithic Power Systems in the third quarter valued at approximately $221,000. Riverhead Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 897 shares in the last quarter. Finally, 1st Global Advisors Inc. bought a new position in shares of Monolithic Power Systems in the second quarter valued at approximately $209,000. 93.85% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on MPWR shares. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 target price on shares of Monolithic Power Systems in a report on Wednesday, October 4th. SunTrust Banks started coverage on Monolithic Power Systems in a report on Tuesday, October 10th. They issued a “buy” rating and a $132.00 target price for the company. Deutsche Bank upped their target price on Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $125.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $129.25.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 462 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $120.68, for a total transaction of $55,754.16. Following the completion of the transaction, the chief financial officer now directly owns 41,160 shares of the company’s stock, valued at $4,967,188.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 19,765 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $123.06, for a total value of $2,432,280.90. Following the transaction, the chief executive officer now directly owns 1,125,086 shares of the company’s stock, valued at $138,453,083.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,994 shares of company stock valued at $10,010,168. 4.00% of the stock is owned by corporate insiders.

Monolithic Power Systems, Inc. (MPWR) opened at $122.89 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $84.45 and a twelve month high of $126.80. The firm has a market capitalization of $5,053.44, a price-to-earnings ratio of 73.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The business had revenue of $128.90 million during the quarter, compared to analyst estimates of $126.11 million. During the same period in the prior year, the company earned $0.66 earnings per share. Monolithic Power Systems’s revenue was up 21.0% compared to the same quarter last year. equities analysts anticipate that Monolithic Power Systems, Inc. will post 1.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, December 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.69%.

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Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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