Pacer Advisors Inc. Cuts Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pacer Advisors Inc. cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,193 shares of the semiconductor company’s stock after selling 340 shares during the period. Pacer Advisors Inc.’s holdings in Monolithic Power Systems were worth $4,848,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MPWR. KBC Group NV boosted its holdings in Monolithic Power Systems by 1.5% in the fourth quarter. KBC Group NV now owns 23,168 shares of the semiconductor company’s stock valued at $13,709,000 after acquiring an additional 342 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Monolithic Power Systems by 2.8% during the 4th quarter. Blue Trust Inc. now owns 914 shares of the semiconductor company’s stock worth $541,000 after purchasing an additional 25 shares during the period. Jacksonville Wealth Management LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $1,009,000. Linden Thomas Advisory Services LLC raised its holdings in Monolithic Power Systems by 4.9% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 3,997 shares of the semiconductor company’s stock valued at $2,365,000 after buying an additional 186 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Monolithic Power Systems by 116.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,509 shares of the semiconductor company’s stock valued at $893,000 after buying an additional 811 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 2.9 %

Monolithic Power Systems stock opened at $636.78 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The stock has a market cap of $31.06 billion, a P/E ratio of 71.79, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. The stock has a 50 day moving average of $608.30 and a 200-day moving average of $762.75.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analyst estimates 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, equities analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 0.79%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the transaction, the chief financial officer now owns 55,944 shares of the company’s stock, valued at $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Deming Xiao sold 866 shares of the 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 sale, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,100 shares of company stock valued at $2,724,231 over the last three months. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MPWR shares. Needham & Company LLC dropped their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a research report on Monday, November 18th. TD Cowen reduced their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Oppenheimer reiterated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Finally, KeyCorp reduced their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $828.67.

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.