Cerity Partners LLC Grows Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cerity Partners LLC raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 878 shares of the semiconductor company’s stock after acquiring an additional 207 shares during the period. Cerity Partners LLC’s holdings in Monolithic Power Systems were worth $554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank raised its holdings in shares of Monolithic Power Systems by 5.6% in the 3rd quarter. Huntington National Bank now owns 657 shares of the semiconductor company’s stock valued at $304,000 after acquiring an additional 35 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Monolithic Power Systems by 8.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company’s stock valued at $90,913,000 after acquiring an additional 15,609 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Monolithic Power Systems by 36.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock valued at $21,945,000 after acquiring an additional 12,600 shares in the last quarter. Czech National Bank raised its holdings in shares of Monolithic Power Systems by 0.5% in the 4th quarter. Czech National Bank now owns 8,391 shares of the semiconductor company’s stock valued at $5,293,000 after acquiring an additional 41 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Monolithic Power Systems by 19.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock valued at $290,844,000 after acquiring an additional 73,564 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MPWR shares. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. TD Cowen raised their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. KeyCorp raised their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Oppenheimer raised their price objective 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, Needham & Company LLC raised their price objective on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $670.30.

Monolithic Power Systems Price Performance

MPWR opened at $642.21 on Thursday. The firm has a market cap of $31.25 billion, a price-to-earnings ratio of 73.31, a PEG ratio of 3.21 and a beta of 1.24. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15. The stock’s 50 day simple moving average is $685.34 and its 200 day simple moving average is $606.79.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 business 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%. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were 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 0.78%. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Insider Transactions at Monolithic Power Systems

In other news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the sale, the director now directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Jeff Zhou sold 200 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 6,269 shares in the company, valued at approximately $4,705,323.33. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,077 shares of company stock worth $30,357,479. 3.20% of the stock is currently owned by insiders.

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.