Motley Fool Asset Management LLC Buys Shares of 1,084 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Motley Fool Asset Management LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,084 shares of the semiconductor company's stock, valued at approximately $641,000.

Several other hedge funds also recently added to or reduced their stakes in MPWR. Tradewinds Capital Management LLC raised its stake in shares of 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 during the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $27,000. West Oak Capital LLC raised its position in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 545 shares during the period. Golden State Wealth Management LLC purchased a new position in Monolithic Power Systems in the 4th quarter valued at about $39,000. Finally, AlphaQuest LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value 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 trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Oppenheimer restated an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. KeyCorp raised their price objective 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. Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company cut their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Finally, 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $851.58.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $106.65 during trading on Wednesday, reaching $561.84. 2,333,644 shares of the stock were exchanged, compared to its average volume of 745,812. The firm has a market cap of $26.89 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The firm's 50-day moving average price is $613.29 and its 200 day moving average price is $674.60. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced 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%. 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 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 represents a $6.24 dividend on an annualized basis and a yield of 1.11%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is 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.