Pinnacle Financial Partners Inc Grows Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pinnacle Financial Partners Inc raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 55.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,100 shares of the semiconductor company's stock after acquiring an additional 6,783 shares during the period. Pinnacle Financial Partners Inc's holdings in Monolithic Power Systems were worth $11,470,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after acquiring an additional 361,416 shares during the last quarter. Van ECK Associates Corp lifted its position in Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock valued at $459,174,000 after purchasing an additional 328,203 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 valued at $1,230,626,000 after purchasing an additional 133,838 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Monolithic Power Systems by 92,842.9% in the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company's stock worth $114,281,000 after purchasing an additional 123,481 shares during the last quarter. Finally, Whale Rock Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 104.4% in the third quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company's stock worth $185,353,000 after purchasing an additional 102,380 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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Monolithic Power Systems Stock Up 3.1 %

Shares of NASDAQ MPWR traded up $20.26 on Wednesday, reaching $671.58. 692,532 shares of the company's stock traded hands, compared to its average volume of 888,604. The business's 50 day simple moving average is $638.72 and its two-hundred day simple moving average is $743.91. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The company has a market cap of $32.76 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

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 analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.56 dividend. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.93%. Monolithic Power Systems's payout ratio is presently 16.97%.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Needham & Company LLC boosted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report 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 report on Friday, January 31st. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Rosenblatt Securities reissued a "neutral" rating and set a $880.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Finally, KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $866.17.

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.