Congress Asset Management Co. Sells 17,585 Shares of Monolithic Power Systems, Inc. $MPWR

Congress Asset Management Co. trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,686 shares of the semiconductor company’s stock after selling 17,585 shares during the quarter. Congress Asset Management Co. owned about 0.19% of Monolithic Power Systems worth $82,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carderock Capital Management Inc. lifted its stake in Monolithic Power Systems by 34.6% in the fourth quarter. Carderock Capital Management Inc. now owns 11,469 shares of the semiconductor company’s stock valued at $10,395,000 after buying an additional 2,946 shares during the period. SG Americas Securities LLC grew its position in shares of Monolithic Power Systems by 77,483.1% during the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after buying an additional 261,893 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Monolithic Power Systems by 6.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,726 shares of the semiconductor company’s stock valued at $3,377,000 after acquiring an additional 220 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Monolithic Power Systems by 4.0% in the 4th quarter. Nordea Investment Management AB now owns 4,909 shares of the semiconductor company’s stock valued at $4,499,000 after acquiring an additional 189 shares in the last quarter. Finally, Occidental Asset Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter valued at $241,000. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MPWR shares. KeyCorp increased their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company raised their target price on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 22,875 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares in the company, valued at $276,314,121.12. The trade was a 8.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Saria Tseng sold 22,875 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 200,626 shares in the company, valued at $234,965,146.16. The trade was a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 98,550 shares of company stock worth $114,256,090 in the last ninety days. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Trading Up 0.7%

Shares of NASDAQ:MPWR opened at $1,076.35 on Tuesday. The stock’s fifty day simple moving average is $1,113.58 and its two-hundred day simple moving average is $1,004.65. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22. The stock has a market cap of $52.87 billion, a PE ratio of 84.49, a price-to-earnings-growth ratio of 2.71 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same period in the previous year, the firm earned $4.09 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.7%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 62.79%.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.