KLP Kapitalforvaltning AS Invests $9.75 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

KLP Kapitalforvaltning AS acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,450 shares of the semiconductor company’s stock, valued at approximately $9,751,000.

A number of other large investors have also modified their holdings of the company. Tradewinds Capital Management LLC raised its stake in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management bought a new stake in Monolithic Power Systems in the fourth quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems in the fourth quarter worth about $39,000. AlphaQuest LLC bought a new position in Monolithic Power Systems during the fourth quarter worth about $41,000. Finally, Versant Capital Management Inc boosted its holdings in Monolithic Power Systems by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 41 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 6.3 %

Shares of MPWR opened at $627.93 on Tuesday. The stock’s fifty day simple moving average is $637.11 and its 200-day simple moving average is $704.09. The firm has a market capitalization 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. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced 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 0.99%. The ex-dividend date 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 currently 16.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities dropped their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company dropped their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday. Needham & Company LLC boosted their price target 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, Loop Capital raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $851.58.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate 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.