South Texas Money Management Ltd. lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,372 shares of the semiconductor company’s stock after selling 640 shares during the quarter. South Texas Money Management Ltd.’s holdings in Monolithic Power Systems were worth $15,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of Monolithic Power Systems by 97.4% during the second quarter. Royal Bank of Canada now owns 9,833 shares of the semiconductor company’s stock worth $949,000 after acquiring an additional 4,852 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Monolithic Power Systems during the second quarter worth approximately $269,000. Janus Henderson Group PLC grew its position in shares of Monolithic Power Systems by 85.5% during the second quarter. Janus Henderson Group PLC now owns 147,743 shares of the semiconductor company’s stock worth $14,243,000 after acquiring an additional 68,089 shares during the last quarter. State Street Corp grew its position in shares of Monolithic Power Systems by 3.7% during the second quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock worth $131,351,000 after acquiring an additional 48,013 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Monolithic Power Systems by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 85,251 shares of the semiconductor company’s stock worth $8,218,000 after acquiring an additional 1,782 shares during the last quarter. 93.28% of the stock is currently owned by institutional investors.

MPWR has been the topic of a number of research reports. Deutsche Bank raised their target price on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Stifel Nicolaus raised their target price on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Oppenheimer raised their target price on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $129.25.

In other Monolithic Power Systems news, VP Saria Tseng sold 4,998 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $125.62, for a total transaction of $627,848.76. Following the sale, the vice president now directly owns 266,726 shares in the company, valued at approximately $33,506,120.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Maurice Sciammas sold 1,693 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $114.66, for a total transaction of $194,119.38. Following the sale, the vice president now owns 360,395 shares in the company, valued at $41,322,890.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,399 shares of company stock worth $10,919,514. 4.00% of the stock is currently owned by insiders.

Monolithic Power Systems, Inc. (MPWR) opened at $110.08 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $84.45 and a 1 year high of $126.80. The firm has a market cap of $4,570.19, a price-to-earnings ratio of 73.88, a P/E/G ratio of 2.38 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.91%. The firm had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. During the same period last year, the firm posted $0.65 EPS. Monolithic Power Systems’s quarterly revenue was up 24.9% on a year-over-year basis. analysts expect that Monolithic Power Systems, Inc. will post 2.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 53.69%.

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Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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