PFG Advisors increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,448 shares of the semiconductor company's stock after buying an additional 475 shares during the period. PFG Advisors' holdings in Monolithic Power Systems were worth $2,040,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its position in Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after purchasing an additional 361,416 shares during the period. Van ECK Associates Corp lifted its position in Monolithic Power Systems by 73.3% during the 4th 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 period. Raymond James Financial Inc. acquired a new position in Monolithic Power Systems during the 4th quarter valued at about $140,795,000. Geode Capital Management LLC lifted its position in Monolithic Power Systems by 11.2% during the 3rd 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. Finally, Whale Rock Capital Management LLC lifted its position in Monolithic Power Systems by 104.4% during the 3rd quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company's stock valued at $185,353,000 after purchasing an additional 102,380 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on MPWR shares. Rosenblatt Securities restated a "neutral" rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Loop Capital upped their price target on 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 started coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price target for the company. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, Needham & Company LLC upped their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two equities 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, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus price target of $866.17.
Read Our Latest Analysis on Monolithic Power Systems
Monolithic Power Systems Stock Performance
NASDAQ MPWR traded down $11.78 during trading hours on Thursday, reaching $571.21. 485,418 shares of the company's stock were exchanged, compared to its average volume of 890,494. The company has a market capitalization of $27.34 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company's 50-day moving average is $636.96 and its two-hundred day moving average is $721.68.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly 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 return on equity of 20.36% and a net margin of 80.95%. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.
Monolithic Power Systems Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.97%.
Insider Transactions at Monolithic Power Systems
In other 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company's stock.
About Monolithic Power Systems
(
Free Report)
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.
Read More
Before you consider Monolithic Power Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Monolithic Power Systems wasn't on the list.
While Monolithic Power Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
