Sequoia Financial Advisors LLC Buys Shares of 2,060 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Sequoia Financial Advisors LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,060 shares of the semiconductor company’s stock, valued at approximately $1,300,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the fourth quarter worth approximately $43,000. RFG Advisory LLC boosted its stake in Monolithic Power Systems by 24.3% during the fourth quarter. RFG Advisory LLC now owns 1,032 shares of the semiconductor company’s stock valued at $651,000 after buying an additional 202 shares in the last quarter. Confluence Wealth Services Inc. grew its holdings in Monolithic Power Systems by 15.8% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,328 shares of the semiconductor company’s stock worth $838,000 after acquiring an additional 181 shares during the period. International Assets Investment Management LLC lifted its holdings in Monolithic Power Systems by 38,510.1% in the 4th quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock valued at $48,222,000 after acquiring an additional 76,250 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Monolithic Power Systems by 9.8% during the 4th quarter. Bleakley Financial Group LLC now owns 1,118 shares of the semiconductor company’s stock valued at $705,000 after purchasing an additional 100 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. KeyCorp lifted their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Needham & Company LLC upped their target price on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. TD Cowen lifted their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Rosenblatt Securities boosted their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $670.30.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares of the company’s stock, valued at $51,137,143.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the transaction, the chief executive officer now directly owns 921,774 shares in the company, valued at $554,917,165.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the sale, the chief financial officer now owns 84,768 shares of the company’s stock, valued at approximately $51,137,143.68. The disclosure for this sale can be found here. Insiders have sold a total of 45,077 shares of company stock valued at $30,357,479 in the last three months. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Down 3.8 %

Shares of Monolithic Power Systems stock opened at $658.23 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15. The firm has a fifty day simple moving average of $697.25 and a 200-day simple moving average of $597.28. The stock has a market capitalization of $32.03 billion, a price-to-earnings ratio of 75.14, a PEG ratio of 3.52 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.08%.

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.