Commonwealth Equity Services LLC Increases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Commonwealth Equity Services LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 191.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,970 shares of the semiconductor company's stock after acquiring an additional 8,516 shares during the quarter. Commonwealth Equity Services LLC's holdings in Monolithic Power Systems were worth $7,674,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC lifted its stake in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $39,000. AlphaQuest LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at $41,000. Finally, Versant Capital Management Inc grew its position in Monolithic Power Systems by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company's stock valued at $64,000 after acquiring an additional 41 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm'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 transaction of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares of the company's stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MPWR shares. Rosenblatt Securities decreased their target price on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company 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 company a "buy" rating in a research report on Friday, February 7th. Wells Fargo & Company dropped 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 note on Friday. Citigroup assumed coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They set a "buy" rating and a $700.00 price target for the company. Finally, KeyCorp lifted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $851.58.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR traded up $36.95 during midday trading on Monday, reaching $627.93. 1,170,794 shares of the stock traded hands, compared to its average volume of 685,730. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The business has a 50-day moving average of $636.30 and a two-hundred day moving average of $705.59. The stock has a market capitalization of $30.06 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.56 dividend. 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 dividend on an annualized basis and a dividend yield of 0.99%. Monolithic Power Systems's dividend payout ratio is presently 16.97%.

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.