Xponance Inc. Has $6.67 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Xponance Inc. cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,571 shares of the semiconductor company’s stock after selling 299 shares during the period. Xponance Inc.’s holdings in Monolithic Power Systems were worth $6,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MPWR. Peterson Wealth Services bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth $252,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Monolithic Power Systems by 5.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,800 shares of the semiconductor company’s stock worth $1,137,000 after buying an additional 100 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Monolithic Power Systems by 5.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,124 shares of the semiconductor company’s stock worth $3,232,000 after acquiring an additional 279 shares during the last quarter. Rakuten Securities Inc. bought a new stake in Monolithic Power Systems during the 4th quarter worth about $81,000. Finally, Guidance Capital Inc. raised its stake in shares of Monolithic Power Systems by 11.7% in the fourth quarter. Guidance Capital Inc. now owns 1,072 shares of the semiconductor company’s stock worth $647,000 after acquiring an additional 112 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on MPWR. Oppenheimer increased their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen boosted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Rosenblatt Securities upped their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, KeyCorp upped their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. 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 Stock Performance

Shares of NASDAQ:MPWR opened at $591.52 on Friday. The company has a 50 day moving average price of $695.22 and a two-hundred day moving average price of $601.50. The company has a market capitalization of $28.78 billion, a PE ratio of 67.53, a PEG ratio of 3.32 and a beta of 1.24. 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 announced its quarterly 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). The firm had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. On average, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.85%. 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 57.08%.

Insider Buying and Selling at Monolithic Power Systems

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 stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the sale, the chief financial officer now directly owns 84,768 shares of the company’s stock, valued at approximately $51,137,143.68. The disclosure for this sale can be found here. Insiders have sold 45,077 shares of company stock worth $30,357,479 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Company 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.