Sequoia Financial Advisors LLC Increases Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Sequoia Financial Advisors LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 96.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,635 shares of the semiconductor company’s stock after acquiring an additional 801 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Monolithic Power Systems were worth $967,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its position in Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares in the last quarter. State Street Corp raised its position in Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after acquiring an additional 42,678 shares in the last quarter. Geode Capital Management LLC raised its position in Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after acquiring an additional 133,838 shares in the last quarter. Van ECK Associates Corp grew its holdings in Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after purchasing an additional 328,203 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Monolithic Power Systems by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company’s stock valued at $207,049,000 after purchasing an additional 36,323 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $606.06 on Monday. The stock’s fifty day moving average is $636.23 and its two-hundred day moving average is $715.42. The firm has a market capitalization of $29.01 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.03%. 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%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several research analyst reports. Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Loop Capital raised their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. KeyCorp raised their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus 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.