Sequoia Financial Advisors LLC Acquires 801 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

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

A number of other large investors have also made changes to their positions in MPWR. Tradewinds Capital Management LLC grew its holdings in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at about $39,000. AlphaQuest LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at approximately $41,000. Finally, Versant Capital Management Inc increased its holdings in shares of Monolithic Power Systems by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company's stock worth $64,000 after buying an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

MPWR traded up $34.58 during trading on Monday, hitting $640.64. 1,109,685 shares of the stock traded hands, compared to its average volume of 674,156. The firm has a 50-day moving average of $636.23 and a 200 day moving average of $715.42. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The firm has a market capitalization of $30.66 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

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Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS 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 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is an increase 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 0.97%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's payout ratio is currently 16.97%.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the business's 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. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MPWR. 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 research note on Friday, February 7th. Rosenblatt Securities reaffirmed 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 lifted their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Citigroup began coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus 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.