Nisa Investment Advisors LLC Sells 619 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Nisa Investment Advisors LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,975 shares of the semiconductor company’s stock after selling 619 shares during the period. Nisa Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $11,251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Sector Pension Investment Board grew its position in Monolithic Power Systems by 76.7% in the second quarter. Public Sector Pension Investment Board now owns 1,884 shares of the semiconductor company’s stock valued at $1,548,000 after purchasing an additional 818 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Monolithic Power Systems by 41.1% in the 2nd quarter. Bank of Montreal Can now owns 73,208 shares of the semiconductor company’s stock valued at $60,348,000 after acquiring an additional 21,307 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Monolithic Power Systems by 62.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,319 shares of the semiconductor company’s stock valued at $7,657,000 after acquiring an additional 3,598 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in Monolithic Power Systems by 7.7% during the second quarter. Insigneo Advisory Services LLC now owns 999 shares of the semiconductor company’s stock worth $770,000 after acquiring an additional 71 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Monolithic Power Systems by 36.8% during the second quarter. AQR Capital Management LLC now owns 84,360 shares of the semiconductor company’s stock valued at $69,317,000 after purchasing an additional 22,699 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on MPWR. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Stifel Nicolaus upped their price target 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. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Loop Capital raised shares of 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. Finally, Truist Financial reiterated a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $828.67.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was 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 owns 53,444 shares of the company’s stock, 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 through the SEC website. Also, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,600 shares of company stock worth $4,656,631 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Up 1.4 %

Shares of NASDAQ MPWR opened at $698.79 on Friday. The firm has a market cap of $34.09 billion, a P/E ratio of 78.78, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The business’s 50 day moving average is $600.27 and its 200-day moving average is $770.84. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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 firm had revenue of $620.12 million for 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%. Analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

About Monolithic Power Systems

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.