T. Rowe Price Investment Management Inc. Sells 26,194 Shares of Monolithic Power Systems, Inc. $MPWR

T. Rowe Price Investment Management Inc. trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 724,494 shares of the semiconductor company’s stock after selling 26,194 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Monolithic Power Systems were worth $656,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems during the fourth quarter valued at approximately $34,000. IFP Advisors Inc lifted its holdings in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd boosted its stake in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $38,000. Finally, Torren Management LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In related news, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total value of $46,018.50. Following the completion of the sale, the executive vice president directly owned 1,179 shares in the company, valued at approximately $1,808,527.05. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 113,043 shares of company stock valued at $160,843,106 over the last ninety days. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MPWR. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. TD Cowen raised their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company boosted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,563.70 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $671.18 and a 1 year high of $1,714.09. The company has a market cap of $76.82 billion, a P/E ratio of 112.74, a PEG ratio of 2.59 and a beta of 1.69. The firm has a 50-day moving average of $1,541.36 and a 200 day moving average of $1,227.74.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same period in the previous year, the firm posted $4.04 EPS. The business’s revenue was up 26.1% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.