Valeo Financial Advisors LLC Has $319,000 Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Valeo Financial Advisors LLC cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 539 shares of the semiconductor company’s stock after selling 86 shares during the period. Valeo Financial Advisors LLC’s holdings in Monolithic Power Systems were worth $319,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MPWR. NBC Securities Inc. raised its position in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 26 shares in the last quarter. West Oak Capital LLC raised its position in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 545 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Monolithic Power Systems during the third quarter worth $36,000. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth $39,000. Finally, Rakuten Securities Inc. raised its position in Monolithic Power Systems by 410.0% during the third 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. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $684.93 on Tuesday. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The firm has a market cap of $33.41 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.53 and a beta of 1.03. The firm’s 50-day simple moving average is $631.75 and its 200 day simple moving average is $749.13.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.91%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 13.60%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MPWR shares. Loop Capital upped their price target 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 reaffirmed a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Oppenheimer dropped their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, TD Cowen dropped their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

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.