National Bank of Canada FI Has $26.83 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

National Bank of Canada FI decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,341 shares of the semiconductor company's stock after selling 2,540 shares during the period. National Bank of Canada FI owned approximately 0.09% of Monolithic Power Systems worth $26,833,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. HighPoint Advisor Group LLC raised its holdings in shares of Monolithic Power Systems by 18.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,713 shares of the semiconductor company's stock valued at $1,014,000 after acquiring an additional 267 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $454,000. Tucker Asset Management LLC increased its holdings in shares of Monolithic Power Systems by 2,000.0% during the 4th quarter. Tucker Asset Management LLC now owns 357 shares of the semiconductor company's stock valued at $211,000 after acquiring an additional 340 shares during the last quarter. Allstate Corp bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $844,000. Finally, DnB Asset Management AS lifted its holdings in Monolithic Power Systems by 185.4% in the 4th quarter. DnB Asset Management AS now owns 22,432 shares of the semiconductor company's stock worth $13,273,000 after purchasing an additional 14,571 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

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Insiders Place Their Bets

In other Monolithic Power Systems news, 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 completion of the sale, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MPWR. Rosenblatt Securities cut their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Loop Capital upped their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Citigroup initiated 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. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Two equities research 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, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average target price of $851.58.

Monolithic Power Systems Trading Up 2.5 %

Shares of NASDAQ MPWR traded up $12.45 during midday trading on Tuesday, reaching $501.07. The company's stock had a trading volume of 295,845 shares, compared to its average volume of 732,321. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a fifty-two week low of $442.69 and a fifty-two week high of $959.64. The stock has a 50 day simple moving average of $622.81 and a 200-day simple moving average of $682.34.

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

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.25%. 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. Monolithic Power Systems's dividend payout ratio (DPR) is presently 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.