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

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

Several other hedge funds also recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC grew 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 in the last quarter. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the fourth quarter worth about $27,000. West Oak Capital LLC grew its stake in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems in the fourth quarter worth about $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems in the fourth quarter worth about $41,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Oppenheimer decreased their target price on 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. KeyCorp lifted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $866.17.

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Monolithic Power Systems Price Performance

NASDAQ MPWR traded down $10.39 on Tuesday, hitting $630.25. 200,837 shares of the stock were exchanged, compared to its average volume of 676,622. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a market capitalization of $30.17 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 2.60 and a beta of 1.03. The company's 50-day moving average price is $636.42 and its two-hundred day moving average price is $713.38.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 0.99%. Monolithic Power Systems's dividend payout ratio is currently 16.97%.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by corporate 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.