2,600 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,600 shares of the semiconductor company’s stock, valued at approximately $1,538,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in Monolithic Power Systems by 47.9% during the 3rd quarter. Cerity Partners LLC now owns 4,551 shares of the semiconductor company’s stock valued at $4,207,000 after purchasing an additional 1,474 shares during the period. Swedbank AB lifted its stake in Monolithic Power Systems by 49.4% in the third quarter. Swedbank AB now owns 10,400 shares of the semiconductor company’s stock valued at $9,615,000 after buying an additional 3,439 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Monolithic Power Systems by 40.4% during the third quarter. Daiwa Securities Group Inc. now owns 8,634 shares of the semiconductor company’s stock worth $7,982,000 after acquiring an additional 2,483 shares during the last quarter. Boston Family Office LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter worth about $214,000. Finally, Loomis Sayles & Co. L P lifted its position in Monolithic Power Systems by 277.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 506 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 372 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $632.97 on Wednesday. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The company has a market capitalization of $30.30 billion, a P/E ratio of 17.21, a PEG ratio of 2.60 and a beta of 1.03. The company’s 50 day simple moving average is $637.97 and its 200 day simple moving average is $702.87.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business 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 $1.56 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.99%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MPWR. 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 report on Friday, February 7th. Needham & Company LLC increased their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company cut their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Oppenheimer reissued an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, KeyCorp raised their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by company insiders.

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.