Telemus Capital LLC Purchases 147 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Telemus Capital LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,075 shares of the semiconductor company’s stock after buying an additional 147 shares during the period. Telemus Capital LLC’s holdings in Monolithic Power Systems were worth $678,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Huntington National Bank boosted its position in shares of Monolithic Power Systems by 5.6% during the 3rd quarter. Huntington National Bank now owns 657 shares of the semiconductor company’s stock valued at $304,000 after purchasing an additional 35 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Monolithic Power Systems by 8.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company’s stock valued at $90,913,000 after purchasing an additional 15,609 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Monolithic Power Systems by 36.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock valued at $21,945,000 after purchasing an additional 12,600 shares in the last quarter. Czech National Bank boosted its position in shares of Monolithic Power Systems by 0.5% during the 4th quarter. Czech National Bank now owns 8,391 shares of the semiconductor company’s stock valued at $5,293,000 after purchasing an additional 41 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Monolithic Power Systems by 19.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock worth $290,844,000 after buying an additional 73,564 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value 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 $89,145,181.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was 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 owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock valued at $30,357,479 over the last ninety days. 3.20% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Up 1.5 %

Shares of Monolithic Power Systems stock opened at $600.63 on Tuesday. The business’s fifty day simple moving average is $689.42 and its 200 day simple moving average is $605.57. The firm has a market capitalization of $29.23 billion, a P/E ratio of 68.57, a price-to-earnings-growth ratio of 3.17 and a beta of 1.24. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its 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 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given 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 yield of 0.83%. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Analyst Ratings Changes

MPWR has been the topic of several recent research reports. Oppenheimer increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC increased their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. KeyCorp increased their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Rosenblatt Securities increased their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Finally, Stifel Nicolaus increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $670.30.

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.