Simplicity Solutions LLC Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Simplicity Solutions LLC lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,118 shares of the semiconductor company’s stock after acquiring an additional 100 shares during the period. Simplicity Solutions LLC’s holdings in Monolithic Power Systems were worth $705,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in Monolithic Power Systems by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after buying an additional 123,946 shares during the last quarter. FMR LLC grew its position in Monolithic Power Systems by 35.0% in the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock valued at $1,655,717,000 after buying an additional 929,009 shares during the last quarter. State Street Corp grew its position in Monolithic Power Systems by 3.0% in the 1st quarter. State Street Corp now owns 1,811,967 shares of the semiconductor company’s stock valued at $908,748,000 after buying an additional 53,355 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Monolithic Power Systems by 140,338.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock valued at $362,025,000 after buying an additional 1,023,068 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Monolithic Power Systems by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 966,299 shares of the semiconductor company’s stock valued at $482,618,000 after buying an additional 13,218 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $750.57, for a total transaction of $150,114.00. Following the completion of the transaction, the director now owns 6,269 shares in the company, valued at $4,705,323.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,077 shares of company stock worth $30,357,479. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Down 2.7 %

Monolithic Power Systems stock opened at $637.72 on Thursday. Monolithic Power Systems, Inc. has a 52 week low of $383.19 and a 52 week high of $778.15. The firm’s 50-day simple moving average is $697.55 and its 200 day simple moving average is $601.37. The firm has a market capitalization of $31.03 billion, a PE ratio of 72.80, a P/E/G ratio of 3.51 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 the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The business had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. On average, research analysts expect that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is 57.08%.

Analyst Ratings Changes

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