Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,621 shares of the semiconductor company's stock after acquiring an additional 5,100 shares during the quarter. Treasurer of the State of North Carolina owned about 0.05% of Monolithic Power Systems worth $15,160,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC lifted its stake in shares of Monolithic Power Systems by 120.0% in 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 in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $27,000. West Oak Capital LLC grew its position in shares of Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $39,000. Finally, AlphaQuest LLC purchased a new position in Monolithic Power Systems during the fourth quarter worth approximately $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 shares were 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 owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently commented on the company. Oppenheimer reiterated an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Rosenblatt Securities decreased their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Loop Capital raised their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Needham & Company LLC increased their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Citigroup lowered their price target on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a report on Friday. 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 an average rating of "Moderate Buy" and an average price target of $844.50.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $5.45 during mid-day trading on Tuesday, hitting $544.25. The company had a trading volume of 633,111 shares, compared to its average volume of 764,388. The company has a market capitalization of $26.05 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The business's 50-day simple moving average is $605.64 and its 200 day simple moving average is $664.36. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current 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 dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.15%. This is an increase 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 payout ratio is 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.