Harvest Fund Management Co. Ltd Purchases 6,306 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Harvest Fund Management Co. Ltd raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 76.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,535 shares of the semiconductor company’s stock after purchasing an additional 6,306 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Monolithic Power Systems were worth $8,600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC raised its position in Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after purchasing an additional 361,416 shares during the period. State Street Corp lifted its holdings in shares of Monolithic Power Systems by 2.1% during the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after purchasing an additional 42,678 shares during the last quarter. Geode Capital Management LLC grew its position in Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after purchasing an additional 133,838 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after buying an additional 328,203 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Monolithic Power Systems by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company’s stock valued at $207,049,000 after buying an additional 36,323 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on MPWR. Loop Capital upped their price objective 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. KeyCorp increased their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Wells Fargo & Company increased their price target 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. Oppenheimer decreased their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Trading Down 2.9 %

Shares of NASDAQ MPWR opened at $622.29 on Wednesday. The stock has a 50 day simple moving average of $636.37 and a 200-day simple moving average of $711.18. The company has a market cap of $29.79 billion, a PE ratio of 16.92, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) 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%. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.56 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.00%. Monolithic Power Systems’s payout ratio is presently 16.97%.

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.