Securian Asset Management Inc. Trims Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Securian Asset Management Inc. cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,678 shares of the semiconductor company’s stock after selling 104 shares during the period. Securian Asset Management Inc.’s holdings in Monolithic Power Systems were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPWR. Ashton Thomas Securities LLC purchased a new position in Monolithic Power Systems during the third quarter valued at $36,000. Tradewinds Capital Management LLC grew its stake in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new position in Monolithic Power Systems during the fourth quarter valued at $27,000. Golden State Wealth Management LLC purchased a new position in Monolithic Power Systems during the fourth quarter valued at $39,000. Finally, AlphaQuest LLC purchased a new position in Monolithic Power Systems during the fourth quarter valued at $41,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $571.21 on Friday. The firm has a market capitalization of $27.34 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The business has a 50 day simple moving average of $636.50 and a two-hundred day simple moving average of $720.63. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.09%. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were 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 directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MPWR shares. Oppenheimer cut their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Loop Capital lifted 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 note on Friday, February 7th. Finally, KeyCorp lifted their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $866.17.

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.