Guggenheim Capital LLC Cuts Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Guggenheim Capital LLC decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 52.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,680 shares of the semiconductor company’s stock after selling 5,082 shares during the quarter. Guggenheim Capital LLC’s holdings in Monolithic Power Systems were worth $2,769,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MPWR. Tradewinds Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 24 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $27,000. West Oak Capital LLC increased its position in shares of Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 545 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems during the 4th quarter valued at $39,000. Finally, AlphaQuest LLC bought a new stake in Monolithic Power Systems in the fourth quarter worth $41,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MPWR. Loop Capital increased their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. KeyCorp raised their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Stifel Nicolaus dropped their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC boosted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lowered their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $826.17.

Monolithic Power Systems Price Performance

MPWR opened at $523.58 on Friday. The firm has a market capitalization of $25.06 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The business’s 50-day moving average is $592.25 and its two-hundred day moving average is $655.45. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

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.