Sovereign Investment Advisors LLC Invests $587,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Sovereign Investment Advisors LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 992 shares of the semiconductor company's stock, valued at approximately $587,000.

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

Monolithic Power Systems Trading Down 2.9 %

Shares of NASDAQ:MPWR traded down $18.35 during mid-day trading on Tuesday, reaching $622.29. The stock had a trading volume of 661,037 shares, compared to its average volume of 678,390. The firm has a 50 day simple moving average of $636.42 and a two-hundred day simple moving average of $713.38. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The firm has a market cap of $29.79 billion, a PE ratio of 16.92, 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 announced 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%. 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's dividend payout ratio is 16.97%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MPWR. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Oppenheimer reduced their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, KeyCorp lifted 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.