Mediolanum International Funds Ltd Acquires 12,671 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mediolanum International Funds Ltd raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 77.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,005 shares of the semiconductor company’s stock after purchasing an additional 12,671 shares during the period. Mediolanum International Funds Ltd’s holdings in Monolithic Power Systems were worth $17,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MPWR. NBC Securities Inc. raised its position in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 34 shares during the period. West Oak Capital LLC raised its holdings in Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 545 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $36,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the transaction, the chief financial officer now owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,100 shares of company stock worth $2,724,231. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Up 2.9 %

Shares of MPWR stock opened at $636.78 on Friday. The firm has a market capitalization of $31.06 billion, a P/E ratio of 71.79, a P/E/G ratio of 2.37 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock’s fifty day simple moving average is $608.30 and its 200 day simple moving average is $762.75.

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

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s payout ratio is 56.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MPWR. Wells Fargo & Company initiated coverage on Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target for the company. TD Cowen dropped their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a research report on Monday, November 18th. Citigroup initiated coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Finally, KeyCorp reduced 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. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $828.67.

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.