Thrivent Financial for Lutherans Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Thrivent Financial for Lutherans increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,976 shares of the semiconductor company's stock after buying an additional 2,952 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Monolithic Power Systems worth $21,323,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MPWR. Leelyn Smith LLC increased its stake in shares of Monolithic Power Systems by 11.4% in the fourth quarter. Leelyn Smith LLC now owns 2,966 shares of the semiconductor company's stock worth $1,755,000 after acquiring an additional 304 shares during the period. Cibc World Markets Corp boosted its holdings in Monolithic Power Systems by 16.3% in the fourth quarter. Cibc World Markets Corp now owns 7,716 shares of the semiconductor company's stock valued at $4,566,000 after purchasing an additional 1,079 shares during the last quarter. Sovereign Investment Advisors LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $587,000. Corient Private Wealth LLC raised its stake in shares of Monolithic Power Systems by 36.3% during the 4th quarter. Corient Private Wealth LLC now owns 67,694 shares of the semiconductor company's stock valued at $40,056,000 after buying an additional 18,026 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Monolithic Power Systems by 23.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,298 shares of the semiconductor company's stock valued at $4,910,000 after buying an additional 1,565 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

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Monolithic Power Systems Stock Performance

Shares of MPWR traded up $5.04 during trading hours on Tuesday, hitting $632.97. 702,432 shares of the stock were exchanged, compared to its average volume of 684,584. The stock's 50-day moving average price is $637.11 and its two-hundred day moving average price is $704.09. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The company has a market cap of $30.30 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued 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 net margin of 80.95% and a return on equity of 20.36%. On average, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared 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 of this dividend is Monday, March 31st. This is a positive change 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 0.99%. Monolithic Power Systems's dividend payout ratio is 16.97%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company's 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 directly owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MPWR. Oppenheimer reiterated an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday. Rosenblatt Securities decreased their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday. Loop Capital increased their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $851.58.

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.