State of Alaska Department of Revenue Sells 3,440 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

State of Alaska Department of Revenue trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,564 shares of the semiconductor company’s stock after selling 3,440 shares during the period. State of Alaska Department of Revenue’s holdings in Monolithic Power Systems were worth $3,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MPWR. NBC Securities Inc. boosted its position in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares during the period. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems during the 3rd quarter valued at about $36,000. Rakuten Securities Inc. boosted its holdings in shares of Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 41 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Monolithic Power Systems in the third quarter worth approximately $65,000. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Up 9.0 %

NASDAQ MPWR opened at $720.25 on Monday. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a market cap of $35.13 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.53 and a beta of 1.03. The company’s 50 day moving average is $618.61 and its two-hundred day moving average is $754.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 22.49%. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.87%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s payout ratio is presently 13.60%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MPWR shares. TD Cowen dropped their target price 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. Rosenblatt Securities restated a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research note on Thursday. KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday. Needham & Company LLC increased their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday. Finally, Wells Fargo & Company boosted their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

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.