Roman Butler Fullerton & Co. Makes New $273,000 Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Roman Butler Fullerton & Co. purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 455 shares of the semiconductor company's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. increased 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 valued at $29,000 after purchasing an additional 26 shares during the period. West Oak Capital LLC increased its stake in Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock valued at $32,000 after buying an additional 545 shares during the period. Ashton Thomas Securities LLC acquired a new position in Monolithic Power Systems in the 3rd quarter valued at approximately $36,000. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $39,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company's stock valued at $47,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR traded up $1.74 during midday trading on Wednesday, reaching $692.51. The stock had a trading volume of 707,099 shares, compared to its average volume of 887,446. The stock has a market capitalization of $33.78 billion, a P/E ratio of 18.83, a PEG ratio of 2.58 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The firm's fifty day simple moving average is $631.75 and its 200-day simple moving average is $749.13.

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 (EPS) 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%. On average, equities research analysts anticipate 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 issued a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.90%. Monolithic Power Systems's payout ratio is 13.60%.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 53,444 shares of the company's stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated 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 disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. KeyCorp increased their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a "buy" rating and a $700.00 price target for the company. TD Cowen reduced their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Needham & Company LLC increased 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. Finally, 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 research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus price target of $866.17.

Monolithic Power Systems 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.