CFC Planning Co LLC Purchases New Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

CFC Planning Co LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 864 shares of the semiconductor company's stock, valued at approximately $511,000.

Several other hedge funds have also modified their holdings of MPWR. NBC Securities Inc. lifted its stake in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Monolithic Power Systems by 3,400.0% in 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 in the last quarter. West Oak Capital LLC lifted its stake in Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 545 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Monolithic Power Systems in the 3rd quarter worth about $36,000. Finally, Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth about $39,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MPWR shares. Loop Capital lifted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Oppenheimer reduced their price target on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a report on Friday, January 31st. TD Cowen reduced their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Needham & Company LLC lifted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price target 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $866.17.

Monolithic Power Systems Stock Up 0.9 %

NASDAQ MPWR traded up $5.84 during trading on Tuesday, hitting $690.77. The company's stock had a trading volume of 611,794 shares, compared to its average volume of 894,309. The firm has a 50 day moving average price of $631.75 and a 200 day moving average price of $749.13. The firm has a market cap of $33.70 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 22.49% and a net margin of 80.95%. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.56 dividend. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's payout ratio is currently 13.60%.

Insiders Place Their Bets

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

Monolithic Power Systems Profile

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.