RMR Wealth Builders Sells 67 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

RMR Wealth Builders decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167 shares of the semiconductor company’s stock after selling 67 shares during the period. RMR Wealth Builders’ holdings in Monolithic Power Systems were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of MPWR. NBC Securities Inc. lifted its stake in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC raised its position in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 34 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Monolithic Power Systems in the 3rd quarter worth about $36,000. GHP Investment Advisors Inc. bought a new position in Monolithic Power Systems in the 2nd quarter worth about $36,000. Finally, Rakuten Securities Inc. grew its stake in Monolithic Power Systems by 410.0% in the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup assumed coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a research note on Monday, November 18th. Oppenheimer reiterated an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. Finally, KeyCorp dropped their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $828.67.

Monolithic Power Systems Trading Down 4.8 %

NASDAQ MPWR opened at $591.23 on Friday. The company has a fifty day simple moving average of $619.41 and a two-hundred day simple moving average of $784.16. The stock has a market cap of $28.84 billion, a P/E ratio of 66.66, a P/E/G ratio of 2.90 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $1.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.85%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,600 shares of company stock valued at $4,656,631. Insiders own 3.70% of the company’s stock.

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.