Bank of Nova Scotia Has $95.74 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bank of Nova Scotia grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1,320.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,800 shares of the semiconductor company's stock after buying an additional 150,406 shares during the quarter. Bank of Nova Scotia owned approximately 0.33% of Monolithic Power Systems worth $95,737,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Tradewinds Capital Management LLC increased its stake in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management bought a new position in Monolithic Power Systems in the fourth quarter valued at about $27,000. West Oak Capital LLC increased its position in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 545 shares during the period. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth about $39,000. Finally, AlphaQuest LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth about $41,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Up 10.0 %

Shares of MPWR traded up $48.42 on Friday, hitting $533.13. The company's stock had a trading volume of 2,218,553 shares, compared to its average volume of 761,686. The firm's fifty day moving average price is $607.94 and its 200-day moving average price is $667.06. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The firm has a market capitalization of $25.52 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate 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, equities analysts predict 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 Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's payout ratio is 16.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MPWR. 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 research report on Friday, February 7th. Loop Capital upped their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. KeyCorp lifted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company cut their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $844.50.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was 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. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Company 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.