CCM Investment Advisers LLC Has $6.40 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

CCM Investment Advisers LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 43.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,061 shares of the semiconductor company’s stock after acquiring an additional 2,149 shares during the quarter. CCM Investment Advisers LLC’s holdings in Monolithic Power Systems were worth $6,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MPWR. Brighton Jones LLC boosted its holdings in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC grew its position in shares of Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Monolithic Power Systems by 21.5% during the second quarter. TD Waterhouse Canada Inc. now owns 164 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 29 shares during the period. MAI Capital Management increased its holdings in shares of Monolithic Power Systems by 24.1% during the second quarter. MAI Capital Management now owns 196 shares of the semiconductor company’s stock worth $143,000 after purchasing an additional 38 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Monolithic Power Systems by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 343,961 shares of the semiconductor company’s stock valued at $251,566,000 after buying an additional 7,975 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Truist Financial boosted their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Oppenheimer restated an “outperform” rating and set a $1,300.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Rosenblatt Securities lifted their price objective on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Weiss Ratings downgraded Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company increased their target price on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,218.42.

Insider Transactions at Monolithic Power Systems

In related news, EVP Saria Tseng sold 22,875 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president directly owned 200,626 shares of the company’s stock, valued at approximately $234,965,146.16. The trade was a 10.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 21,725 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the transaction, the chief financial officer owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. This represents a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 97,580 shares of company stock valued at $113,337,222. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,118.66 on Thursday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,256.22. The business’s fifty day moving average is $1,118.65 and its 200-day moving average is $1,007.09. The firm has a market cap of $54.95 billion, a price-to-earnings ratio of 87.81, a PEG ratio of 2.79 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.09 EPS. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s payout ratio is presently 48.98%.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.