992 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Bought by Sovereign Investment Advisors LLC

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

Several other large investors have also recently bought and sold shares of MPWR. Tradewinds Capital Management LLC increased its position in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the fourth quarter worth $27,000. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at $39,000. AlphaQuest LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at $41,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Monolithic Power Systems by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company's stock worth $64,000 after acquiring an additional 41 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.70% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MPWR shares. Citigroup assumed coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 target price on the stock. Wells Fargo & Company increased their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Needham & Company LLC boosted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $866.17.

Monolithic Power Systems Stock Up 5.7 %

NASDAQ:MPWR traded up $34.58 during mid-day trading on Monday, reaching $640.64. 1,109,685 shares of the company were exchanged, compared to its average volume of 674,156. The stock has a market cap of $30.66 billion, a PE ratio of 17.42, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The company has a fifty day moving average of $636.23 and a 200 day moving average of $715.42.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (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%. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.97%. 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. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.97%.

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.