Asset Management One Co. Ltd. raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,512 shares of the semiconductor company's stock after acquiring an additional 1,034 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Monolithic Power Systems were worth $12,568,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in MPWR. Creative Planning increased its holdings in Monolithic Power Systems by 25.0% during the 3rd quarter. Creative Planning now owns 7,273 shares of the semiconductor company's stock valued at $6,724,000 after acquiring an additional 1,455 shares in the last quarter. NBC Securities Inc. increased its holdings in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Monolithic Power Systems by 2.7% during the 3rd quarter. Global Retirement Partners LLC now owns 607 shares of the semiconductor company's stock valued at $561,000 after acquiring an additional 16 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Monolithic Power Systems by 12.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,263 shares of the semiconductor company's stock valued at $1,168,000 after acquiring an additional 135 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Monolithic Power Systems by 2.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,020 shares of the semiconductor company's stock valued at $4,641,000 after acquiring an additional 102 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MPWR has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a "neutral" rating and set a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. TD Cowen lowered their price target on shares of 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. Oppenheimer lowered their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, KeyCorp lifted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $866.17.
Get Our Latest Research Report on Monolithic Power Systems
Insider Buying and Selling at Monolithic Power Systems
In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, December 9th. The shares were 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 owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.
Monolithic Power Systems Price Performance
MPWR stock traded down $2.70 during midday trading on Thursday, reaching $689.81. 679,261 shares of the company's stock traded hands, compared to its average volume of 882,232. The company has a market capitalization of $33.65 billion, a P/E ratio of 18.76, a PEG ratio of 2.61 and a beta of 1.03. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The business has a 50-day moving average price of $635.04 and a two-hundred day moving average price of $748.00.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. As a group, research 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 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 dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.90%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's payout ratio is 16.97%.
About Monolithic Power Systems
(
Free Report)
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.
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