Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.86 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,898 shares of the semiconductor company’s stock after purchasing an additional 200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Monolithic Power Systems were worth $5,857,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Assenagon Asset Management S.A. lifted its holdings in shares of Monolithic Power Systems by 3.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,165 shares of the semiconductor company’s stock worth $1,077,000 after buying an additional 37 shares during the last quarter. Ballentine Partners LLC bought a new position in Monolithic Power Systems during the third quarter worth $301,000. Lake Street Advisors Group LLC acquired a new position in Monolithic Power Systems during the 3rd quarter valued at $226,000. Allworth Financial LP boosted its holdings in Monolithic Power Systems by 13.0% in the 3rd quarter. Allworth Financial LP now owns 139 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 16 shares during the period. Finally, Forsta AP Fonden grew its position in Monolithic Power Systems by 14.6% in the 3rd quarter. Forsta AP Fonden now owns 10,200 shares of the semiconductor company’s stock worth $9,430,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MPWR. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Oppenheimer lowered their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $652.74 on Tuesday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The business has a fifty day moving average of $638.26 and a two-hundred day moving average of $745.12. The stock has a market cap of $31.84 billion, a PE ratio of 17.75, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results 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 net margin of 80.95% and a return on equity of 20.36%. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm 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 dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 0.96%. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were 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 directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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.