Prudential Financial Inc. cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,880 shares of the semiconductor company’s stock after selling 340 shares during the quarter. Prudential Financial Inc.’s holdings in Monolithic Power Systems were worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its stake in shares of Monolithic Power Systems by 81.3% in the 4th quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 139 shares in the last quarter. Cutler Group LP purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth $58,000. Valeo Financial Advisors LLC increased its stake in shares of Monolithic Power Systems by 553.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 437 shares in the last quarter. TLP Group LLC purchased a new stake in shares of Monolithic Power Systems in the 3rd quarter worth $145,000. Finally, Paradigm Asset Management Co. LLC purchased a new stake in shares of Monolithic Power Systems in the 3rd quarter worth $157,000. Institutional investors and hedge funds own 99.50% of the company’s stock.

In related news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction on Monday, January 14th. The shares were sold at an average price of $120.59, for a total value of $1,808,850.00. Following the completion of the transaction, the director now owns 570,921 shares of the company’s stock, valued at approximately $68,847,363.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Hsing sold 14,516 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $129.59, for a total transaction of $1,881,128.44. Following the completion of the transaction, the chief executive officer now directly owns 1,059,878 shares of the company’s stock, valued at approximately $137,349,590.02. The disclosure for this sale can be found here. Insiders sold a total of 324,111 shares of company stock valued at $43,107,436 in the last ninety days. 4.00% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on the company. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 15th. Needham & Company LLC restated a “buy” rating and issued a $145.00 price objective on shares of Monolithic Power Systems in a research note on Monday, March 4th. Zacks Investment Research lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. Deutsche Bank upped their target price on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Finally, ValuEngine raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus price target of $148.88.

Shares of Monolithic Power Systems stock opened at $141.10 on Friday. The firm has a market capitalization of $5.92 billion, a P/E ratio of 59.04, a PEG ratio of 1.92 and a beta of 1.43. Monolithic Power Systems, Inc. has a fifty-two week low of $101.99 and a fifty-two week high of $152.21.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.31. The company had revenue of $153.50 million during the quarter, compared to the consensus estimate of $153.63 million. Monolithic Power Systems had a net margin of 18.08% and a return on equity of 18.22%. Monolithic Power Systems’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, analysts expect that Monolithic Power Systems, Inc. will post 2.87 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.60 annualized dividend and a yield of 1.13%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.30. Monolithic Power Systems’s dividend payout ratio is currently 50.21%.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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

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