HighPoint Advisor Group LLC Purchases 267 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

HighPoint Advisor Group LLC grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,713 shares of the semiconductor company’s stock after purchasing an additional 267 shares during the period. HighPoint Advisor Group LLC’s holdings in Monolithic Power Systems were worth $1,014,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its stake in Monolithic Power Systems by 120.0% in the 4th 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 during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $27,000. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth about $39,000. AlphaQuest LLC acquired a new position in Monolithic Power Systems during the fourth quarter valued at approximately $41,000. Finally, Versant Capital Management Inc grew its stake in Monolithic Power Systems by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 41 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Loop Capital increased their price objective 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 shares of 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. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. KeyCorp boosted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities cut their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $851.58.

Monolithic Power Systems Stock Up 0.3 %

NASDAQ MPWR opened at $581.48 on Wednesday. The firm has a 50-day moving average price of $635.06 and a two-hundred day moving average price of $692.69. 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 $27.83 billion, a P/E ratio of 15.81, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.07%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was 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 in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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.