Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,862 shares of the semiconductor company's stock after purchasing an additional 872 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Monolithic Power Systems were worth $12,344,000 at the end of the most recent quarter.

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

Monolithic Power Systems Stock Performance

MPWR stock traded up $36.95 during trading on Monday, reaching $627.93. 1,170,829 shares of the company were exchanged, compared to its average volume of 684,584. The stock's 50 day moving average price is $637.11 and its 200 day moving average price is $704.09. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a market cap of $30.06 billion, a P/E ratio of 17.08, a PEG 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 EPS 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%. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

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

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent research reports. KeyCorp increased 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. Wells Fargo & Company decreased their price target on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday. Loop Capital boosted their price objective 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. Citigroup began 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 for the company. Finally, Needham & Company LLC boosted 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 note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $851.58.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction 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 $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company's stock.

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.