Dakota Wealth Management Has $5.64 Million Stake in Monolithic Power Systems, Inc. $MPWR

Dakota Wealth Management boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 55.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,218 shares of the semiconductor company’s stock after acquiring an additional 2,220 shares during the period. Dakota Wealth Management’s holdings in Monolithic Power Systems were worth $5,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Global X Japan Co. Ltd. increased its position in shares of Monolithic Power Systems by 45.8% in the fourth quarter. Global X Japan Co. Ltd. now owns 4,006 shares of the semiconductor company’s stock worth $3,631,000 after purchasing an additional 1,259 shares during the period. CoreCap Advisors LLC lifted its position in Monolithic Power Systems by 40.5% during the fourth quarter. CoreCap Advisors LLC now owns 992 shares of the semiconductor company’s stock worth $899,000 after purchasing an additional 286 shares during the period. Mather Group LLC. increased its holdings in Monolithic Power Systems by 4.6% in the 4th quarter. Mather Group LLC. now owns 946 shares of the semiconductor company’s stock valued at $858,000 after buying an additional 42 shares during the period. Peak Financial Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $715,000. Finally, Paragon Advisors LLC raised its position in shares of Monolithic Power Systems by 6.2% in the 4th quarter. Paragon Advisors LLC now owns 3,296 shares of the semiconductor company’s stock valued at $2,987,000 after buying an additional 193 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several analyst reports. Truist Financial increased their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Stifel Nicolaus upped their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. KeyCorp lifted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,218.42.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 22,875 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 value of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Saria Tseng sold 22,875 shares of the firm’s 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 completion of the transaction, the executive vice president owned 200,626 shares of the company’s stock, valued at approximately $234,965,146.16. This trade represents a 10.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 97,580 shares of company stock valued at $113,337,222. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,053.01 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,256.22. The company has a market capitalization of $51.72 billion, a PE ratio of 82.65, a price-to-earnings-growth ratio of 2.68 and a beta of 1.45. The company has a fifty day moving average of $1,120.02 and a 200-day moving average of $1,008.76.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. The company had revenue of $751.16 million for 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 quarter last year, the business posted $4.09 EPS. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 48.98%.

Monolithic Power Systems Company Profile

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.