Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 273,184 shares of the semiconductor company's stock after selling 56,768 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.57% of Monolithic Power Systems worth $172,319,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MPWR. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company's stock worth $2,482,546,000 after acquiring an additional 123,946 shares in the last quarter. FMR LLC raised its position in shares of Monolithic Power Systems by 35.0% in the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company's stock valued at $1,655,717,000 after buying an additional 929,009 shares during the last quarter. State Street Corp increased its position in Monolithic Power Systems by 2.3% during the second quarter. State Street Corp now owns 1,853,175 shares of the semiconductor company's stock worth $1,002,974,000 after purchasing an additional 41,208 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Monolithic Power Systems by 140,338.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company's stock worth $362,025,000 after purchasing an additional 1,023,068 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Monolithic Power Systems by 1.4% during the first quarter. Geode Capital Management LLC now owns 966,299 shares of the semiconductor company's stock worth $482,618,000 after buying an additional 13,218 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, CEO Michael Hsing sold 8,000 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $677.44, for a total value of $5,419,520.00. Following the completion of the sale, the chief executive officer now directly owns 899,232 shares in the company, valued at $609,175,726.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael Hsing sold 8,000 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $677.44, for a total value of $5,419,520.00. Following the completion of the sale, the chief executive officer now directly owns 899,232 shares in the company, valued at $609,175,726.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $725.76, for a total transaction of $1,814,400.00. Following the completion of the sale, the chief financial officer now owns 80,723 shares of the company's stock, valued at $58,585,524.48. The disclosure for this sale can be found here. Insiders sold 57,982 shares of company stock worth $36,880,924 over the last ninety days. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. KeyCorp upped their target price on shares of Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a research note on Monday. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the stock a "buy" rating in a report on Tuesday, December 26th. TD Cowen boosted their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $670.30.

Monolithic Power Systems Price Performance

Shares of MPWR traded up $27.01 during mid-day trading on Monday, hitting $681.32. The company's stock had a trading volume of 574,581 shares, compared to its average volume of 544,747. The firm has a 50-day moving average price of $692.74 and a 200 day moving average price of $592.02. The stock has a market capitalization of $33.15 billion, a price-to-earnings ratio of 77.78, a PEG ratio of 3.45 and a beta of 1.24. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million during the quarter, compared to analysts' expectations of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.21 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, March 27th. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a yield of 0.73%. Monolithic Power Systems's payout ratio is 57.08%.

Monolithic Power Systems Company 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.

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