Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,716 shares of the semiconductor company's stock after purchasing an additional 1,079 shares during the quarter. Cibc World Markets Corp's holdings in Monolithic Power Systems were worth $4,566,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avantax Advisory Services Inc. lifted its stake in shares of Monolithic Power Systems by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock worth $1,893,000 after purchasing an additional 14 shares in the last quarter. WP Advisors LLC raised its holdings in shares of Monolithic Power Systems by 3.2% during the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock valued at $309,000 after buying an additional 16 shares during the period. Allworth Financial LP lifted its position in Monolithic Power Systems by 11.5% during the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock worth $92,000 after acquiring an additional 16 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Monolithic Power Systems by 5.1% in the 3rd quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company's stock worth $361,000 after acquiring an additional 19 shares during the period. Finally, Private Trust Co. NA grew its position in Monolithic Power Systems by 12.2% in the third quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company's stock valued at $188,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

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Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded up $36.95 during trading on Monday, reaching $627.93. The stock had a trading volume of 1,170,794 shares, compared to its average volume of 685,730. The stock has a market cap of $30.06 billion, a PE ratio of 17.08, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The firm's 50 day moving average price is $636.30 and its two-hundred day moving average price is $705.59.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its 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%. On average, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current 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 dividend of $1.56 per share. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.99%. Monolithic Power Systems's payout ratio is 16.97%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday. Needham & Company LLC boosted their price objective 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. Oppenheimer restated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday. Loop Capital boosted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities lowered their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research note on Friday. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $851.58.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 16,015 shares of the company's stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.