E. Ohman J or Asset Management AB Raises Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

E. Ohman J or Asset Management AB boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,200 shares of the semiconductor company’s stock after acquiring an additional 200 shares during the period. E. Ohman J or Asset Management AB’s holdings in Monolithic Power Systems were worth $1,302,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MPWR. Assetmark Inc. increased its stake in Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares in the last quarter. EULAV Asset Management increased its stake 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 in the last quarter. Paragon Advisors LLC increased its stake in Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock valued at $3,034,000 after purchasing an additional 2,997 shares in the last quarter. Empowered Funds LLC increased its stake in Monolithic Power Systems by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after purchasing an additional 909 shares in the last quarter. Finally, Perpetual Ltd increased its stake in Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock valued at $1,737,000 after purchasing an additional 2,679 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the company’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 transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,100 shares of company stock worth $2,724,231 over the last quarter. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MPWR. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC dropped their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. KeyCorp lowered their price target on shares of 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. Loop Capital raised 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 report on Monday, November 18th. Finally, Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $820.33.

Monolithic Power Systems Stock Down 0.4 %

MPWR stock opened at $653.87 on Thursday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock has a market capitalization of $31.90 billion, a price-to-earnings ratio of 73.72, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The firm’s fifty day simple moving average is $613.54 and its two-hundred day simple moving average is $756.52.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

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.