SG Americas Securities LLC Sells 15,720 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

SG Americas Securities LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 98.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 275 shares of the semiconductor company’s stock after selling 15,720 shares during the quarter. SG Americas Securities LLC’s holdings in Monolithic Power Systems were worth $163,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. lifted its stake in Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 34 shares during the last quarter. West Oak Capital LLC boosted its holdings in 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 acquiring an additional 545 shares during the period. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems in the 3rd quarter valued at $36,000. Finally, Rakuten Securities Inc. increased its stake in Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 41 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Up 9.0 %

Shares of NASDAQ:MPWR opened at $720.25 on Monday. The company has a market capitalization of $35.13 billion, a PE ratio of 19.59, a P/E/G ratio of 2.53 and a beta of 1.03. The business’s fifty day simple moving average is $618.61 and its 200-day simple moving average is $754.03. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

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

Monolithic Power Systems Increases Dividend

The company also recently announced 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 is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is 13.60%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a research report on Thursday. Oppenheimer reduced their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. KeyCorp boosted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday. Finally, Citigroup began coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.