Bokf Na Trims Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bokf Na cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,705 shares of the semiconductor company's stock after selling 1,440 shares during the period. Bokf Na's holdings in Monolithic Power Systems were worth $5,147,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Tradewinds Capital Management LLC increased its stake in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth about $27,000. Itau Unibanco Holding S.A. increased its position in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares during the period. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems during the 4th quarter valued at approximately $39,000. Finally, AlphaQuest LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 0.5 %

Shares of NASDAQ:MPWR opened at $624.15 on Wednesday. The company has a market capitalization of $29.88 billion, a P/E ratio of 16.97, a P/E/G ratio of 2.60 and a beta of 1.18. The stock's fifty day simple moving average is $570.02 and its 200-day simple moving average is $626.86. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period last year, the company earned $2.81 EPS. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed 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 is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.00%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

Analysts Set New Price Targets

Several research firms have recently commented on MPWR. Raymond James restated an "outperform" rating and set a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus lowered their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Oppenheimer reissued an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Wells Fargo & Company dropped their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Finally, Citigroup raised their price target on Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $779.83.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares of the company's stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company's stock.

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.

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