Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Burney Co.

Burney Co. boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 163.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 926 shares of the semiconductor company's stock after acquiring an additional 575 shares during the quarter. Burney Co.'s holdings in Monolithic Power Systems were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MPWR. Assetmark Inc. increased its position in shares of Monolithic Power Systems by 6.6% in the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company's stock worth $16,259,000 after acquiring an additional 1,082 shares in the last quarter. EULAV Asset Management boosted its position in Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company's stock worth $100,099,000 after purchasing an additional 8,600 shares during the period. Paragon Advisors LLC increased its holdings in Monolithic Power Systems by 140.6% in the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock valued at $3,034,000 after purchasing an additional 2,997 shares in the last quarter. Empowered Funds LLC raised its position in Monolithic Power Systems by 29.0% in the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock valued at $3,741,000 after purchasing an additional 909 shares during the period. Finally, FMR LLC lifted its stake in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after purchasing an additional 361,416 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares of the company's stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,600 shares of company stock worth $4,656,631 over the last 90 days. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR traded up $29.16 during mid-day trading on Friday, reaching $625.82. The stock had a trading volume of 1,066,120 shares, compared to its average volume of 633,666. The company has a market capitalization of $30.53 billion, a price-to-earnings ratio of 70.55, a price-to-earnings-growth ratio of 2.26 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The stock's 50 day simple moving average is $599.06 and its two-hundred day simple moving average is $774.80.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.80%. Monolithic Power Systems's payout ratio is 56.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Needham & Company LLC lowered their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 target price on the stock. KeyCorp decreased their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Finally, Rosenblatt Securities downgraded shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $828.67.

About Monolithic Power Systems

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.