Pinebridge Investments L.P. Trims Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pinebridge Investments L.P. trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,845 shares of the semiconductor company's stock after selling 916 shares during the period. Pinebridge Investments L.P.'s holdings in Monolithic Power Systems were worth $3,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Morse Asset Management Inc purchased a new position in Monolithic Power Systems during the third quarter valued at approximately $231,000. Barclays PLC boosted its holdings in Monolithic Power Systems by 5.0% in the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock valued at $297,799,000 after purchasing an additional 15,350 shares during the period. World Investment Advisors LLC increased its holdings in shares of Monolithic Power Systems by 14.6% in the third quarter. World Investment Advisors LLC now owns 822 shares of the semiconductor company's stock worth $760,000 after purchasing an additional 105 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Monolithic Power Systems during the third quarter valued at $23,233,000. Finally, Tidal Investments LLC increased its stake in Monolithic Power Systems by 105.7% in the 3rd quarter. Tidal Investments LLC now owns 6,042 shares of the semiconductor company's stock worth $5,586,000 after acquiring an additional 3,105 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on MPWR. Loop Capital upped their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Rosenblatt Securities decreased their price target on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. KeyCorp raised their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Wells Fargo & Company cut their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Finally, Oppenheimer restated an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus target price of $826.17.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $1.53 during trading hours on Tuesday, reaching $586.74. The company had a trading volume of 783,816 shares, compared to its average volume of 774,893. The firm has a market cap of $28.09 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The company has a 50-day moving average price of $575.34 and a 200 day moving average price of $637.59.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results 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 return on equity of 20.36% and a net margin of 80.95%. As a group, research analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $1.56 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.06%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.97%.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is owned by company insiders.

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.