Sather Financial Group Inc Has $237,000 Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Sather Financial Group Inc trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 400 shares of the semiconductor company’s stock after selling 344 shares during the period. Sather Financial Group Inc’s holdings in Monolithic Power Systems were worth $237,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FMR LLC increased its stake in shares of Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares during the period. State Street Corp increased its holdings in shares of Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after acquiring an additional 42,678 shares in the last quarter. Geode Capital Management LLC increased its stake in Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after purchasing an additional 133,838 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Monolithic Power Systems by 26.3% in the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after acquiring an additional 93,362 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Monolithic Power Systems by 5.0% in the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock worth $297,799,000 after purchasing an additional 15,350 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $699.03 on Wednesday. The stock has a market capitalization of $34.10 billion, a PE ratio of 19.01, a P/E/G ratio of 2.53 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The business’s fifty day moving average price is $621.11 and its 200-day moving average price is $753.43.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 22.49%. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.89%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s payout ratio is currently 13.60%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. TD Cowen cut their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer cut their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. KeyCorp increased their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

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.