Monolithic Power Systems, Inc. (MPWR) Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,746 shares of the semiconductor company’s stock after selling 3,291 shares during the quarter. Keybank National Association OH’s holdings in Monolithic Power Systems were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its holdings 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 valued at $36,000 after acquiring an additional 139 shares during the period. First Hawaiian Bank acquired a new position in shares of Monolithic Power Systems in the 3rd quarter valued at $127,000. TLP Group LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter valued at $145,000. Paradigm Asset Management Co. LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter valued at $157,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at $220,000. 98.06% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on MPWR. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. ValuEngine raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, November 23rd. Cowen cut their target price on shares of Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Finally, KeyCorp cut their target price on shares of Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $150.13.

In related news, VP Maurice Sciammas sold 4,615 shares of Monolithic Power Systems stock in a transaction on Monday, February 4th. The shares were sold at an average price of $129.59, for a total value of $598,057.85. Following the transaction, the vice president now directly owns 298,287 shares in the company, valued at approximately $38,655,012.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Saria Tseng sold 5,641 shares of Monolithic Power Systems stock in a transaction on Friday, November 16th. The shares were sold at an average price of $126.45, for a total transaction of $713,304.45. Following the completion of the transaction, the vice president now owns 306,646 shares in the company, valued at $38,775,386.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,465 shares of company stock worth $13,386,067. 4.00% of the stock is currently owned by insiders.

NASDAQ:MPWR opened at $131.29 on Monday. Monolithic Power Systems, Inc. has a 1-year low of $101.99 and a 1-year high of $152.21. The firm has a market capitalization of $5.57 billion, a P/E ratio of 70.97, a PEG ratio of 1.75 and a beta of 1.44.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 0.91%. Monolithic Power Systems’s dividend payout ratio (DPR) is 64.86%.

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Monolithic Power Systems 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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