Intact Investment Management Inc. Invests $3.67 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Intact Investment Management Inc. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,200 shares of the semiconductor company's stock, valued at approximately $3,669,000.

Several other large investors have also modified their holdings of MPWR. FMR LLC raised 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 during the last quarter. Van ECK Associates Corp grew its holdings in Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after acquiring an additional 328,203 shares during the period. Raymond James Financial Inc. acquired a new position in Monolithic Power Systems during the fourth quarter worth $140,795,000. Geode Capital Management LLC grew its holdings in Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock worth $1,230,626,000 after acquiring an additional 133,838 shares during the period. Finally, Whale Rock Capital Management LLC grew its holdings in Monolithic Power Systems by 104.4% during the third quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company's stock worth $185,353,000 after acquiring an additional 102,380 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent analyst reports. Oppenheimer dropped their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Needham & Company LLC upped their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Loop Capital upped their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average price target of $866.17.

Monolithic Power Systems Trading Up 5.4 %

Shares of NASDAQ:MPWR traded up $32.45 on Monday, hitting $638.51. The company had a trading volume of 600,585 shares, compared to its average volume of 884,302. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The business has a 50 day moving average of $636.23 and a 200 day moving average of $715.42. The company has a market cap of $30.56 billion, a PE ratio of 17.37, a PEG ratio of 2.60 and a beta of 1.03.

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 return on equity of 20.36% and a net margin of 80.95%. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 0.98%. Monolithic Power Systems's dividend payout ratio is 16.97%.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.

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.