Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Lowered by Burr Financial Services LLC

Burr Financial Services LLC cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 77.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 553 shares of the semiconductor company’s stock after selling 1,855 shares during the quarter. Monolithic Power Systems comprises 0.2% of Burr Financial Services LLC’s holdings, making the stock its 25th biggest position. Burr Financial Services LLC’s holdings in Monolithic Power Systems were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its stake in shares of Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC raised its position in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after buying an additional 12 shares in the last quarter. Greenleaf Trust lifted its stake in shares of Monolithic Power Systems by 1.5% in the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after acquiring an additional 14 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of Monolithic Power Systems by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 14 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 4.7% in the second quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock valued at $287,000 after acquiring an additional 15 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at approximately $32,066,400. This represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,600 shares of company stock worth $4,656,631 in the last 90 days. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $689.42 on Thursday. 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 capitalization of $33.63 billion, a price-to-earnings ratio of 77.73, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a 50 day moving average price of $600.27 and a 200 day moving average price of $770.84.

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

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.73%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Analysts Set New Price Targets

MPWR has been the subject of a number of research analyst reports. TD Cowen cut their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Citigroup started coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price on the stock in a report on Monday, November 18th. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.