Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Tucker Asset Management LLC

Tucker Asset Management LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2,000.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 357 shares of the semiconductor company’s stock after acquiring an additional 340 shares during the quarter. Tucker Asset Management LLC’s holdings in Monolithic Power Systems were worth $211,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC lifted its position in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems during the 4th quarter worth $27,000. West Oak Capital LLC lifted its stake 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. Golden State Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $39,000. Finally, AlphaQuest LLC acquired a new position in shares of Monolithic Power Systems in the fourth quarter worth about $41,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $579.89 on Friday. The stock has a market cap of $27.76 billion, a P/E ratio of 15.77, a PEG ratio of 2.60 and a beta of 1.03. The company has a fifty day moving average price of $637.11 and a 200 day moving average price of $699.67. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MPWR shares. Loop Capital upped their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. KeyCorp upped their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Rosenblatt Securities decreased their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Finally, 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. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $851.58.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’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 transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.