Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Knuff & Co LLC

Knuff & Co LLC boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 106.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,376 shares of the semiconductor company’s stock after buying an additional 708 shares during the period. Knuff & Co LLC’s holdings in Monolithic Power Systems were worth $814,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Tradewinds Capital Management LLC raised its stake in Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $27,000. West Oak Capital LLC grew its stake in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 545 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter worth approximately $36,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 1.9 %

Monolithic Power Systems stock opened at $570.35 on Wednesday. The company has a market cap of $27.30 billion, a PE ratio of 15.51, a PEG ratio of 2.60 and a beta of 1.03. The company’s 50-day moving average is $637.14 and its two-hundred day moving average is $722.65. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MPWR shares. Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer reduced their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $866.17.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.70% 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.