Mutual of America Capital Management LLC Has $4.89 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mutual of America Capital Management LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,750 shares of the semiconductor company’s stock after selling 425 shares during the period. Mutual of America Capital Management LLC’s holdings in Monolithic Power Systems were worth $4,889,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its position in shares of Monolithic Power Systems by 12.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 20 shares during the period. Heartland Bank & Trust Co lifted its position in shares of Monolithic Power Systems by 1.3% during the 3rd quarter. Heartland Bank & Trust Co now owns 1,657 shares of the semiconductor company’s stock valued at $766,000 after acquiring an additional 21 shares during the period. Arlington Trust Co LLC lifted its position in shares of Monolithic Power Systems by 56.1% during the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 23 shares during the period. Polen Capital Management LLC lifted its position in shares of Monolithic Power Systems by 1.0% during the 3rd quarter. Polen Capital Management LLC now owns 2,489 shares of the semiconductor company’s stock valued at $1,150,000 after acquiring an additional 25 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its position in shares of Monolithic Power Systems by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 5,010 shares of the semiconductor company’s stock valued at $2,508,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MPWR. Rosenblatt Securities boosted 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 note on Tuesday, December 26th. KeyCorp boosted their price target on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Needham & Company LLC boosted their price target 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. 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 note on Tuesday, January 2nd. Finally, TD Cowen boosted their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $670.30.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $603.26, for a total value of $1,508,150.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $603.26, for a total value of $1,508,150.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at $89,145,181.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,077 shares of company stock valued at $30,357,479. 3.20% of the stock is owned by insiders.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $658.23 on Monday. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15. The firm has a market cap of $32.03 billion, a price-to-earnings ratio of 75.14, a PEG ratio of 3.52 and a beta of 1.24. The company has a fifty day moving average price of $697.25 and a 200-day moving average price of $598.38.

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

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $1.25 dividend. This is an increase 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 0.76%. The ex-dividend date of this dividend is Wednesday, March 27th. Monolithic Power Systems’s payout ratio is 57.08%.

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.