Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,700 shares of the semiconductor company’s stock after selling 6,800 shares during the period. Swiss National Bank owned approximately 0.28% of Monolithic Power Systems worth $81,477,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC raised its holdings in shares of Monolithic Power Systems by 4.7% during the third quarter. Apollon Wealth Management LLC now owns 1,100 shares of the semiconductor company’s stock valued at $1,017,000 after buying an additional 49 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at approximately $223,000. Aptus Capital Advisors LLC raised its stake in Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 14 shares in the last quarter. Plato Investment Management Ltd boosted its position in Monolithic Power Systems by 12.9% during the 3rd quarter. Plato Investment Management Ltd now owns 1,059 shares of the semiconductor company’s stock worth $978,000 after acquiring an additional 121 shares during the period. Finally, Huntington National Bank grew its stake in shares of Monolithic Power Systems by 3.1% in the third quarter. Huntington National Bank now owns 821 shares of the semiconductor company’s stock worth $759,000 after purchasing an additional 25 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MPWR shares. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. KeyCorp boosted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Citigroup began coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target for the company. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $866.17.

Insider Buying and Selling

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 transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Up 6.1 %

Shares of NASDAQ MPWR opened at $606.06 on Friday. The stock’s fifty day simple moving average is $636.23 and its 200 day simple moving average is $718.51. The stock has a market capitalization of $29.01 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week 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 analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is 16.97%.

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.