Principal Financial Group Inc. Buys 93,347 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Principal Financial Group Inc. increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 115.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 174,411 shares of the semiconductor company's stock after buying an additional 93,347 shares during the quarter. Principal Financial Group Inc. owned about 0.36% of Monolithic Power Systems worth $103,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 26 shares in the last quarter. West Oak Capital LLC raised its holdings 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 buying an additional 545 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Monolithic Power Systems in the third quarter valued at $36,000. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $39,000. Finally, Rakuten Securities Inc. increased its position in shares of Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 4.2 %

Shares of Monolithic Power Systems stock traded down $28.73 on Friday, reaching $661.08. The stock had a trading volume of 846,673 shares, compared to its average volume of 881,184. The business's 50 day moving average is $636.72 and its two-hundred day moving average is $747.60. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The company has a market cap of $32.25 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03.

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 (EPS) 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%. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.94%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 13.60%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business'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 value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares of the company's stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. TD Cowen lowered their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Rosenblatt Securities reissued a "neutral" rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday, February 6th. KeyCorp boosted their target price 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. Oppenheimer cut their price target on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Finally, Needham & Company LLC lifted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus price target 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.