Mizuho Securities USA LLC Raises Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mizuho Securities USA LLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,623 shares of the semiconductor company's stock after buying an additional 1,462 shares during the period. Mizuho Securities USA LLC's holdings in Monolithic Power Systems were worth $2,735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MPWR. Summit Global Investments increased its position in Monolithic Power Systems by 2,278.8% during the fourth quarter. Summit Global Investments now owns 5,614 shares of the semiconductor company's stock valued at $3,322,000 after acquiring an additional 5,378 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Monolithic Power Systems by 4.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 20,862 shares of the semiconductor company's stock valued at $12,344,000 after purchasing an additional 872 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of Monolithic Power Systems by 3.1% in the 4th quarter. Whittier Trust Co. now owns 41,532 shares of the semiconductor company's stock worth $24,574,000 after purchasing an additional 1,242 shares during the period. Blueshift Asset Management LLC boosted its holdings in shares of Monolithic Power Systems by 184.1% in the fourth quarter. Blueshift Asset Management LLC now owns 1,318 shares of the semiconductor company's stock worth $780,000 after buying an additional 854 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its position in Monolithic Power Systems by 5.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 28,834 shares of the semiconductor company's stock valued at $17,061,000 after buying an additional 1,445 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $627.93 on Tuesday. The firm has a market cap of $30.06 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The company has a 50 day simple moving average of $637.11 and a two-hundred day simple moving average of $704.09.

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Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted 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 net margin of 80.95% and a return on equity of 20.36%. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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 $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.99%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's payout ratio is 16.97%.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction dated 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 directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on MPWR shares. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Loop Capital lifted their target price 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. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price objective on the stock. Finally, Rosenblatt Securities reduced their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a report on Friday. Two 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $851.58.

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.

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