Private Trust Co. NA Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Private Trust Co. NA grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 145.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118 shares of the semiconductor company’s stock after purchasing an additional 70 shares during the period. Private Trust Co. NA’s holdings in Monolithic Power Systems were worth $74,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System raised its holdings in shares of Monolithic Power Systems by 1.5% in the fourth quarter. Arizona State Retirement System now owns 12,475 shares of the semiconductor company’s stock valued at $7,869,000 after purchasing an additional 184 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Monolithic Power Systems during the fourth quarter valued at about $1,832,000. RPg Family Wealth Advisory LLC grew its position in Monolithic Power Systems by 15.5% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 3,014 shares of the semiconductor company’s stock valued at $1,904,000 after buying an additional 404 shares during the period. State of Michigan Retirement System grew its position in Monolithic Power Systems by 0.7% during the fourth quarter. State of Michigan Retirement System now owns 13,770 shares of the semiconductor company’s stock valued at $8,686,000 after buying an additional 100 shares during the period. Finally, Pinnacle Financial Partners Inc grew its position in Monolithic Power Systems by 5.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 11,673 shares of the semiconductor company’s stock valued at $7,363,000 after buying an additional 552 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MPWR. Rosenblatt Securities increased their price target 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 increased 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. Oppenheimer increased their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. TD Cowen increased their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, KeyCorp increased their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $670.30.

Monolithic Power Systems Trading Down 2.3 %

MPWR stock opened at $666.49 on Thursday. The firm has a 50 day moving average of $695.39 and a 200-day moving average of $594.17. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The firm has a market capitalization of $32.43 billion, a P/E ratio of 76.08, a price-to-earnings-growth ratio of 3.59 and a beta of 1.24.

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

Monolithic Power Systems Increases Dividend

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

Insider Activity

In other news, VP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $582.11, for a total value of $6,403,210.00. Following the completion of the transaction, the vice president now directly owns 143,559 shares in the company, valued at $83,567,129.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $582.11, for a total value of $6,403,210.00. Following the sale, the vice president now directly owns 143,559 shares of the company’s stock, valued at $83,567,129.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the completion of the sale, the chief executive officer now directly owns 899,232 shares in the company, valued at $609,175,726.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,077 shares of company stock worth $36,760,689. 3.20% of the stock is owned by company insiders.

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.