Corient Private Wealth LLC Increases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Corient Private Wealth LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 36.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,694 shares of the semiconductor company’s stock after acquiring an additional 18,026 shares during the quarter. Corient Private Wealth LLC’s holdings in Monolithic Power Systems were worth $40,056,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after purchasing an additional 361,416 shares during the period. State Street Corp boosted its stake in Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after buying an additional 42,678 shares during the period. Geode Capital Management LLC increased its position in Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after acquiring an additional 133,838 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after acquiring an additional 328,203 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Monolithic Power Systems by 11.6% in the 4th quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company’s stock worth $207,049,000 after acquiring an additional 36,323 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $640.64 on Tuesday. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The company has a 50-day moving average of $636.42 and a 200 day moving average of $713.38. The firm has a market cap of $30.66 billion, a PE ratio of 17.42, 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 results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.97%. 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 (DPR) is 16.97%.

Insider Transactions at Monolithic Power Systems

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

Analyst Ratings Changes

Several brokerages recently commented on MPWR. KeyCorp upped their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Wells Fargo & Company upped their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. 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 note on Friday, February 7th. Oppenheimer dropped their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Two 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, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $866.17.

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.