Whittier Trust Co. Has $24.57 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Whittier Trust Co. boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,532 shares of the semiconductor company's stock after buying an additional 1,242 shares during the quarter. Whittier Trust Co. owned 0.09% of Monolithic Power Systems worth $24,574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. raised its holdings in Monolithic Power Systems by 26.5% in the third quarter. Meeder Advisory Services Inc. now owns 701 shares of the semiconductor company's stock valued at $648,000 after acquiring an additional 147 shares in the last quarter. Caprock Group LLC lifted its position in shares of Monolithic Power Systems by 64.3% during the third quarter. Caprock Group LLC now owns 570 shares of the semiconductor company's stock worth $528,000 after purchasing an additional 223 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Monolithic Power Systems by 19.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 506 shares of the semiconductor company's stock worth $468,000 after purchasing an additional 83 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Monolithic Power Systems in the third quarter worth about $1,570,000. Finally, PNC Financial Services Group Inc. increased its holdings in Monolithic Power Systems by 13.0% in the third quarter. PNC Financial Services Group Inc. now owns 10,139 shares of the semiconductor company's stock valued at $9,374,000 after buying an additional 1,167 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

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 shares were 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 $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on MPWR shares. Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a "buy" rating and a $700.00 target price for the company. Rosenblatt Securities decreased their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a report on Friday. Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Needham & Company LLC raised their price target on shares of 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, Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average price target of $851.58.

Monolithic Power Systems Stock Up 6.3 %

Monolithic Power Systems stock traded up $36.95 during mid-day trading on Monday, hitting $627.93. 1,170,829 shares of the company's stock traded hands, compared to its average volume of 685,730. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company has a market cap of $30.06 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The firm has a 50 day moving average price of $636.30 and a 200 day moving average price of $705.59.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate 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, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.56 per share. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.99%. Monolithic Power Systems's payout ratio is presently 16.97%.

About Monolithic Power Systems

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.