Monolithic Power Systems, Inc. (NASDAQ:MPWR) is Ostrum Asset Management’s 10th Largest Position

Ostrum Asset Management lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,770 shares of the semiconductor company’s stock after selling 1,990 shares during the period. Monolithic Power Systems comprises approximately 3.3% of Ostrum Asset Management’s holdings, making the stock its 10th largest holding. Ostrum Asset Management’s holdings in Monolithic Power Systems were worth $37,733,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MPWR. Avantax Advisory Services Inc. increased its position in Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock valued at $1,893,000 after purchasing an additional 14 shares during the period. WP Advisors LLC boosted its stake in shares of Monolithic Power Systems by 3.2% during the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 16 shares in the last quarter. Allworth Financial LP increased its holdings in Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock valued at $92,000 after buying an additional 16 shares during the period. Keybank National Association OH raised its stake in Monolithic Power Systems by 1.2% in the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock worth $1,079,000 after buying an additional 22 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 22 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Loop Capital boosted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company reduced 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 report on Friday, March 21st. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities cut their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Finally, KeyCorp increased their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $826.17.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated 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 owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Down 0.2 %

NASDAQ MPWR opened at $523.58 on Monday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The company has a fifty day simple moving average of $592.25 and a two-hundred day simple moving average of $653.58. The stock has a market cap of $25.06 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly 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%. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.19%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 31st. Monolithic Power Systems’s payout ratio is 16.97%.

About Monolithic Power Systems

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.