Mirabella Financial Services LLP Acquires New Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mirabella Financial Services LLP bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,021 shares of the semiconductor company's stock, valued at approximately $5,929,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paragon Advisors LLC boosted its stake in Monolithic Power Systems by 140.6% during the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after buying an additional 2,997 shares during the last quarter. Perpetual Ltd raised its stake in shares of Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after acquiring an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $3,182,000. Vantage Investment Partners LLC lifted its stake in Monolithic Power Systems by 4.5% during the 4th quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock worth $20,545,000 after acquiring an additional 1,505 shares in the last quarter. Finally, Boston Family Office LLC boosted its stake in shares of Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock valued at $1,547,000 after purchasing an additional 2,383 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 4.9 %

Shares of NASDAQ MPWR traded up $25.15 during midday trading on Wednesday, reaching $536.97. 828,447 shares of the stock were exchanged, compared to its average volume of 772,853. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The stock has a 50 day moving average price of $584.67 and a 200-day moving average price of $649.63. The company has a market capitalization of $25.70 billion, a P/E ratio of 14.60, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS 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, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $1.56 per share. 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 1.16%. The ex-dividend date was Monday, March 31st. Monolithic Power Systems's payout ratio is currently 16.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MPWR shares. Stifel Nicolaus lowered their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Wells Fargo & Company decreased their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Loop Capital boosted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $826.17.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 sale, the executive vice president now directly owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by corporate insiders.

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.