Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Boosted by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 613 shares of the semiconductor company’s stock after purchasing an additional 26 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Monolithic Power Systems were worth $387,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Achmea Investment Management B.V. bought a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $27,000. Sunbelt Securities Inc. bought a new position in Monolithic Power Systems in the 1st quarter worth approximately $37,000. Arlington Trust Co LLC grew its holdings in Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after buying an additional 23 shares in the last quarter. Operose Advisors LLC bought a new position in Monolithic Power Systems in the 3rd quarter worth approximately $43,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Monolithic Power Systems in the 4th quarter worth approximately $43,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Down 3.8 %

Shares of MPWR stock opened at $658.23 on Monday. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15. The stock has a market capitalization of $32.03 billion, a P/E ratio of 75.14, a P/E/G ratio of 3.52 and a beta of 1.24. The stock has a 50-day simple moving average of $697.25 and a 200 day simple moving average of $598.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate 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 company had revenue of $454.01 million for the quarter, compared to analysts’ expectations of $452.13 million. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current 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 dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.76%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is currently 57.08%.

Insider Buying and Selling

In related news, Director Jeff Zhou sold 200 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the sale, the director now directly owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated 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 approximately $51,137,143.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Zhou sold 200 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the sale, the director now directly owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,077 shares of company stock valued at $30,357,479. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MPWR shares. TD Cowen increased their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Oppenheimer increased their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. KeyCorp increased their price objective on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Needham & Company LLC increased their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $670.30.

Monolithic Power Systems 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.