7,950 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,950 shares of the semiconductor company’s stock, valued at approximately $4,704,000.

A number of other large investors have also recently made changes to their positions in the company. Vestcor Inc boosted its stake in shares of Monolithic Power Systems by 3.1% during the 4th quarter. Vestcor Inc now owns 937 shares of the semiconductor company’s stock worth $554,000 after purchasing an additional 28 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth about $3,101,000. Rakuten Securities Inc. boosted its stake in shares of Monolithic Power Systems by 209.8% during the 4th quarter. Rakuten Securities Inc. now owns 158 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 107 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after purchasing an additional 14 shares during the period. Finally, Truvestments Capital LLC boosted its stake in shares of Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 22 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $606.06 on Friday. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The firm has a market cap of $29.01 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.60 and a beta of 1.03. The firm has a 50-day simple moving average of $636.23 and a 200-day simple moving average of $718.51.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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%. On average, research analysts predict 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. Investors 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 1.03%. 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. Monolithic Power Systems’s payout ratio is 16.97%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’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 transaction of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Oppenheimer dropped their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. 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 report on Friday, February 7th. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Two 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $866.17.

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.