Intact Investment Management Inc. Makes New Investment 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 disclosure with the Securities and Exchange Commission. The fund purchased 6,200 shares of the semiconductor company's stock, valued at approximately $3,669,000.

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

Analysts Set New Price Targets

MPWR has been the subject of several analyst reports. Oppenheimer cut their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Loop Capital boosted 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 note on Friday, February 7th. Rosenblatt Securities reissued a "neutral" rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Citigroup started coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $866.17.

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Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the business's 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.70% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded down $18.35 during trading on Tuesday, reaching $622.29. 690,494 shares of the stock were exchanged, compared to its average volume of 678,551. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The firm's 50-day moving average price is $636.37 and its 200 day moving average price is $711.18.

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 analysts' consensus estimates 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 research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.00%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's 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.