Mitsubishi UFJ Trust & Banking Corp Has $17.66 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mitsubishi UFJ Trust & Banking Corp grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,838 shares of the semiconductor company’s stock after buying an additional 2,028 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Monolithic Power Systems worth $17,655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its holdings 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 last quarter. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $39,000. AlphaQuest LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at approximately $41,000. Finally, Versant Capital Management Inc boosted its stake in Monolithic Power Systems by 60.3% in the fourth 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 last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MPWR shares. Needham & Company LLC upped their target price 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. KeyCorp increased their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer restated an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Wells Fargo & Company lowered their price target 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, March 21st. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $851.58.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction 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 directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Up 0.2 %

Shares of MPWR opened at $601.44 on Friday. The stock has a market capitalization of $28.79 billion, a price-to-earnings ratio of 16.36, a PEG 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. The firm has a fifty day simple moving average of $638.03 and a 200 day simple moving average of $701.45.

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 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, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.04%. Monolithic Power Systems’s payout ratio is 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.