Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 209.8% during the 4th quarter, Holdings Channel reports. The firm owned 158 shares of the semiconductor company’s stock after buying an additional 107 shares during the period. Rakuten Securities Inc.’s holdings in Monolithic Power Systems were worth $93,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tradewinds Capital Management LLC lifted its position in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $27,000. West Oak Capital LLC lifted its position in shares of Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 545 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Monolithic Power Systems during the third quarter worth about $36,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 2.2 %

Shares of Monolithic Power Systems stock opened at $582.99 on Thursday. The firm has a market capitalization of $27.91 billion, a P/E ratio of 15.86, a P/E/G 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. The firm’s 50 day moving average is $636.96 and its two-hundred day moving average is $721.68.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 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%. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.07%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MPWR. Citigroup began 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 target on the stock. Loop Capital upped their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Needham & Company LLC upped their target price 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. KeyCorp upped their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $866.17.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

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.