Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,116 shares of the semiconductor company's stock after buying an additional 3,616 shares during the quarter. Sanctuary Advisors LLC's holdings in Monolithic Power Systems were worth $14,720,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MPWR. Assetmark Inc. increased its position in shares of Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company's stock worth $16,259,000 after purchasing an additional 1,082 shares in the last quarter. EULAV Asset Management increased its position in shares of Monolithic Power Systems by 8.6% during the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company's stock worth $100,099,000 after purchasing an additional 8,600 shares in the last quarter. Paragon Advisors LLC increased its position in shares of Monolithic Power Systems by 140.6% during the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after purchasing an additional 2,997 shares in the last quarter. Empowered Funds LLC increased its position in shares of Monolithic Power Systems by 29.0% during the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock worth $3,741,000 after purchasing an additional 909 shares in the last quarter. Finally, Perpetual Ltd increased its position in shares of Monolithic Power Systems by 1,042.4% during the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock worth $1,737,000 after purchasing an additional 2,679 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $28.73 during mid-day trading on Friday, reaching $661.08. 846,673 shares of the company's stock were exchanged, compared to its average volume of 881,184. The firm has a market capitalization of $32.25 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.61 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company's 50-day moving average is $637.78 and its 200-day moving average is $746.84.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, equities 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 company also recently announced 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 of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.94%. Monolithic Power Systems's dividend payout ratio is presently 13.60%.

Analysts Set New Price Targets

Several analysts recently commented on MPWR shares. Loop Capital boosted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Oppenheimer dropped their price target on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. KeyCorp boosted their price target 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. Rosenblatt Securities restated a "neutral" rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. Finally, TD Cowen dropped their target price 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $866.17.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of the 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 transaction, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

About Monolithic Power Systems

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.