The Manufacturers Life Insurance Company trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 21.6% in the fourth quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 145,953 shares of the semiconductor company’s stock after selling 40,156 shares during the period. The stake was valued at $86,360,000, representing approximately 0.30% of Monolithic Power Systems.
Other institutional investors also adjusted their stakes in the company. Tradewinds Capital Management LLC increased its position by 120.0%, while OFI Invest Asset Management acquired a new stake worth $27,000. West Oak Capital LLC boosted its holding by 990.9%, and Golden State Wealth Management LLC established a new position valued at about $39,000. AlphaQuest LLC also acquired a new stake worth approximately $41,000.
Institutional investors and hedge funds collectively own 93.46% of Monolithic Power Systems’ stock. Recent analyst reports have been mixed, with Needham & Company LLC raising its target price from $600.00 to $800.00 and maintaining a ‘buy’ rating. In contrast, Rosenblatt Securities lowered its price target from $800.00 to $750.00 and assigned a ‘neutral’ rating.
The company has an average rating of ‘Moderate Buy’ and a consensus target price of $826.17 among analysts. Monolithic Power Systems recently disclosed a quarterly dividend increase, with stockholders receiving $1.56 per share on April 15th. The company’s stock performance has been notable, with a market capitalization of $28.09 billion and a price-to-earnings ratio of 15.96.
