International Assets Investment Management LLC Buys 76,250 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

International Assets Investment Management LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38,510.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,448 shares of the semiconductor company’s stock after buying an additional 76,250 shares during the quarter. International Assets Investment Management LLC’s holdings in Monolithic Power Systems were worth $48,222,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MPWR. FMR LLC grew its holdings in Monolithic Power Systems by 35.0% during the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after acquiring an additional 929,009 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Monolithic Power Systems by 87.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after purchasing an additional 180,500 shares during the period. Vanguard Group Inc. boosted its stake in shares of Monolithic Power Systems by 2.4% during the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after purchasing an additional 123,946 shares in the last quarter. Rokos Capital Management LLP increased its holdings in Monolithic Power Systems by 133.9% during the third quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock valued at $93,218,000 after buying an additional 115,250 shares during the period. Finally, Natixis Advisors L.P. raised its stake in Monolithic Power Systems by 53.9% in the third quarter. Natixis Advisors L.P. now owns 125,517 shares of the semiconductor company’s stock worth $57,989,000 after buying an additional 43,954 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MPWR shares. Oppenheimer lifted their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday. TD Cowen increased 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 report on Thursday, February 8th. Truist Financial raised their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $716.90.

Insider Activity

In related news, CEO Michael Hsing sold 2,790 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $1,897,200.00. Following the completion of the sale, the chief executive officer now owns 915,193 shares of the company’s stock, valued at $622,331,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael Hsing sold 2,790 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $1,897,200.00. Following the sale, the chief executive officer now owns 915,193 shares in the company, valued at $622,331,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,077 shares of company stock valued at $30,986,274. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Down 0.8 %

Shares of Monolithic Power Systems stock opened at $707.22 on Friday. The company has a 50 day moving average price of $678.85 and a 200 day moving average price of $615.35. The firm has a market capitalization of $34.42 billion, a P/E ratio of 84.29, a PEG ratio of 3.49 and a beta of 1.22. Monolithic Power Systems, Inc. has a 52 week low of $383.19 and a 52 week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 21.47% and a net margin of 22.44%. The company had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.71%. The ex-dividend date was Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s payout ratio is presently 59.59%.

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.