DF Dent & Co. Inc. Boosts Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

DF Dent & Co. Inc. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 86.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,539 shares of the semiconductor company’s stock after buying an additional 72,295 shares during the period. DF Dent & Co. Inc. owned approximately 0.32% of Monolithic Power Systems worth $92,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its stake 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 worth $26,000 after acquiring an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $27,000. West Oak Capital LLC increased its position in shares of Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 545 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at about $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MPWR. Needham & Company LLC lifted their price target 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. Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Loop Capital raised their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, KeyCorp increased their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Stock Up 1.6 %

Shares of NASDAQ:MPWR opened at $590.65 on Thursday. Monolithic Power Systems, Inc. has a fifty-two week low of $540.18 and a fifty-two week high of $959.64. The firm’s 50 day moving average price is $633.08 and its 200 day moving average price is $691.97. The stock has a market cap of $28.27 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS 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%. On average, equities 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.06%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s payout ratio is 16.97%.

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.