Sequoia Financial Advisors LLC Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Sequoia Financial Advisors LLC lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 96.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,635 shares of the semiconductor company's stock after purchasing an additional 801 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Monolithic Power Systems were worth $967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PFG Advisors increased its holdings in shares of Monolithic Power Systems by 16.0% in the fourth quarter. PFG Advisors now owns 3,448 shares of the semiconductor company's stock valued at $2,040,000 after purchasing an additional 475 shares during the last quarter. Prosperity Financial Group Inc. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $517,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $221,000. Independent Advisor Alliance grew its position in Monolithic Power Systems by 131.4% in the fourth quarter. Independent Advisor Alliance now owns 546 shares of the semiconductor company's stock worth $323,000 after acquiring an additional 310 shares during the period. Finally, Moran Wealth Management LLC grew its position in Monolithic Power Systems by 3.5% in the fourth quarter. Moran Wealth Management LLC now owns 15,679 shares of the semiconductor company's stock worth $9,277,000 after acquiring an additional 529 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MPWR shares. Loop Capital increased their price objective 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. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Rosenblatt Securities reiterated a "neutral" rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 6th. KeyCorp increased their price objective 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. Finally, Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price target for the company. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $866.17.

Monolithic Power Systems Stock Down 2.5 %

NASDAQ:MPWR traded down $16.26 during mid-day trading on Tuesday, reaching $624.38. 314,583 shares of the stock were exchanged, compared to its average volume of 677,057. The company has a 50 day simple moving average of $636.42 and a 200-day simple moving average of $713.38. The stock has a market capitalization of $29.89 billion, a P/E ratio of 16.96, a P/E/G ratio of 2.60 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.

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 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%. As a group, research analysts predict 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. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.00%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's payout ratio is currently 16.97%.

Insider Activity

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction on 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.70% of the company's stock.

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.