New Century Financial Group LLC Has $301,000 Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

New Century Financial Group LLC decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 485 shares of the semiconductor company’s stock after selling 58 shares during the quarter. New Century Financial Group LLC’s holdings in Monolithic Power Systems were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Assetmark Inc. lifted its stake in shares of Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after buying an additional 1,082 shares during the last quarter. EULAV Asset Management lifted its position in Monolithic Power Systems by 8.6% during the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after acquiring an additional 8,600 shares during the last quarter. Paragon Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 140.6% during the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after acquiring an additional 2,997 shares during the period. Empowered Funds LLC increased its stake in shares of Monolithic Power Systems by 29.0% during the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after purchasing an additional 909 shares during the period. Finally, Perpetual Ltd lifted its holdings in Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after purchasing an additional 2,679 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Down 2.9 %

Shares of MPWR stock opened at $678.43 on Friday. The business has a fifty day simple moving average of $604.82 and a 200 day simple moving average of $769.14. The company has a market cap of $33.09 billion, a P/E ratio of 76.49, a P/E/G ratio of 2.64 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 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 the consensus estimate 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 research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s payout ratio is 56.37%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MPWR shares. Truist Financial reiterated a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target for the company. 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $828.67.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction dated 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. The trade was a 0.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the sale, the chief financial officer now directly owns 56,678 shares of the company’s stock, valued at approximately $43,809,826.88. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,600 shares of company stock worth $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.