Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,842 shares of the semiconductor company’s stock after purchasing an additional 1,637 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Monolithic Power Systems were worth $6,415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. Tradewinds Capital Management LLC lifted its position in shares of 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 buying an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems in the fourth quarter valued at $27,000. West Oak Capital LLC boosted its stake in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 545 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth about $39,000. Finally, AlphaQuest LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

MPWR has been the subject of a number of research analyst reports. KeyCorp upped their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Oppenheimer reissued an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Wells Fargo & Company cut their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Loop Capital increased their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities dropped their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $851.58.

Monolithic Power Systems Trading Up 0.2 %

NASDAQ 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. The business’s 50 day moving average is $638.03 and its two-hundred day moving average is $701.45. 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 announced 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%. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued 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 1.04%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

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.