Vantage Investment Partners LLC Decreases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vantage Investment Partners LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,573 shares of the semiconductor company's stock after selling 5,113 shares during the quarter. Monolithic Power Systems comprises approximately 2.4% of Vantage Investment Partners LLC's investment portfolio, making the stock its 16th biggest holding. Vantage Investment Partners LLC owned about 0.08% of Monolithic Power Systems worth $23,700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MPWR. Moneta Group Investment Advisors LLC raised its holdings in Monolithic Power Systems by 140,338.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company's stock worth $362,025,000 after buying an additional 1,023,068 shares during the period. FMR LLC raised its holdings in Monolithic Power Systems by 35.0% during the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company's stock worth $1,655,717,000 after buying an additional 929,009 shares during the period. Norges Bank acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $150,233,000. JPMorgan Chase & Co. raised its holdings in Monolithic Power Systems by 70.4% during the 1st quarter. JPMorgan Chase & Co. now owns 671,820 shares of the semiconductor company's stock worth $336,272,000 after buying an additional 277,563 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Monolithic Power Systems by 87.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company's stock valued at $179,036,000 after purchasing an additional 180,500 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the completion of the transaction, the chief executive officer now owns 921,774 shares of the company's stock, valued at $554,917,165.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the transaction, the chief financial officer now owns 84,768 shares of the company's stock, valued at $51,137,143.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Hsing sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00. Following the completion of the sale, the chief executive officer now owns 921,774 shares in the company, valued at $554,917,165.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,077 shares of company stock valued at $30,357,479. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the company a "buy" rating in a report on Tuesday, December 26th. Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. KeyCorp lifted their price objective on shares of Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, January 2nd. Finally, TD Cowen boosted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $670.30.

Monolithic Power Systems Price Performance

MPWR stock traded down $28.79 during midday trading on Friday, reaching $591.52. The company had a trading volume of 733,982 shares, compared to its average volume of 433,220. The company has a market capitalization of $28.78 billion, a price-to-earnings ratio of 67.53, a price-to-earnings-growth ratio of 3.17 and a beta of 1.24. The stock has a 50 day moving average price of $692.00 and a 200-day moving average price of $603.49. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $1.25 per share. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 annualized dividend and a yield of 0.85%. Monolithic Power Systems's payout ratio is presently 57.08%.

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.