Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 57.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,090 shares of the semiconductor company’s stock after buying an additional 398 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MPWR. Moneta Group Investment Advisors LLC grew its position in shares of Monolithic Power Systems by 140,338.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock worth $362,025,000 after buying an additional 1,023,068 shares in the last quarter. FMR LLC grew its position in shares of Monolithic Power Systems by 35.0% during the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after buying an additional 929,009 shares in the last quarter. Norges Bank acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth about $150,233,000. JPMorgan Chase & Co. grew its position in shares of Monolithic Power Systems by 70.4% during the first quarter. JPMorgan Chase & Co. now owns 671,820 shares of the semiconductor company’s stock worth $336,272,000 after buying an additional 277,563 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Monolithic Power Systems by 87.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after buying an additional 180,500 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 2.3 %

MPWR opened at $666.49 on Thursday. The firm has a market cap of $32.43 billion, a price-to-earnings ratio of 76.08, a price-to-earnings-growth ratio of 3.59 and a beta of 1.24. Monolithic Power Systems, Inc. has a 52 week low of $383.19 and a 52 week high of $778.15. The business’s 50 day moving average is $695.39 and its two-hundred day moving average is $594.17.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. Equities analysts expect that Monolithic Power Systems, Inc. will post 10.21 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s payout ratio is presently 57.08%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of analyst reports. TD Cowen boosted their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $670.30.

Insider Activity

In other news, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the transaction, the director now owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the transaction, the chief financial officer now owns 84,768 shares of the company’s stock, valued at $51,137,143.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the transaction, the director now directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,077 shares of company stock valued at $36,760,689. Company insiders own 3.20% of the company’s stock.

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.