Symphony Financial Ltd. Co. Acquires 179 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Symphony Financial Ltd. Co. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 833 shares of the semiconductor company’s stock after buying an additional 179 shares during the period. Symphony Financial Ltd. Co.’s holdings in Monolithic Power Systems were worth $493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MPWR. Assetmark Inc. lifted its holdings in shares of Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after acquiring an additional 1,082 shares during the period. EULAV Asset Management lifted its holdings in Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock valued at $100,099,000 after purchasing an additional 8,600 shares during the last quarter. Paragon Advisors LLC boosted its position in Monolithic Power Systems by 140.6% in the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock valued at $3,034,000 after buying an additional 2,997 shares in the last quarter. Empowered Funds LLC grew its stake in Monolithic Power Systems by 29.0% during the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after buying an additional 909 shares during the last quarter. Finally, Perpetual Ltd grew its stake in Monolithic Power Systems by 1,042.4% during the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after buying an additional 2,679 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $637.37 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The firm has a market capitalization of $31.09 billion, a P/E ratio of 71.86, a P/E/G ratio of 2.37 and a beta of 1.03. The company’s 50 day simple moving average is $609.43 and its 200 day simple moving average is $761.13.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.78%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s payout ratio is 56.37%.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,100 shares of company stock worth $2,724,231. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MPWR. Wells Fargo & Company assumed coverage on Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. KeyCorp decreased their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Oppenheimer lowered their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday. TD Cowen reduced their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $820.33.

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.