Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Position Increased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,800 shares of the semiconductor company’s stock after purchasing an additional 100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Monolithic Power Systems were worth $1,137,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Achmea Investment Management B.V. bought a new stake in Monolithic Power Systems in the 1st quarter valued at about $27,000. Sunbelt Securities Inc. bought a new stake in Monolithic Power Systems in the 1st quarter valued at about $37,000. Arlington Trust Co LLC lifted its position in Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares during the last quarter. Operose Advisors LLC bought a new stake in Monolithic Power Systems in the 3rd quarter valued at about $43,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at about $43,000. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems 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 transaction, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems 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 transaction, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the completion of the transaction, the chief executive officer now directly owns 899,232 shares in the company, valued at $609,175,726.08. The disclosure for this sale can be found here. Insiders have sold 45,077 shares of company stock worth $30,357,479 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages 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 boosted their price target on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, TD Cowen boosted their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $670.30.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $637.72 on Thursday. The company’s 50 day simple moving average is $697.55 and its 200 day simple moving average is $601.37. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The company has a market capitalization of $31.03 billion, a P/E ratio of 72.80, a PEG ratio of 3.51 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $452.13 million. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.25 dividend. This is an increase 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 payout ratio is presently 57.08%.

About Monolithic Power Systems

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.