Envestnet Portfolio Solutions Inc. Buys 1,565 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Envestnet Portfolio Solutions Inc. boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,298 shares of the semiconductor company’s stock after acquiring an additional 1,565 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Monolithic Power Systems were worth $4,910,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MPWR. EULAV Asset Management increased its stake in Monolithic Power Systems by 8.6% in the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock valued at $100,099,000 after buying an additional 8,600 shares during the last quarter. Paragon Advisors LLC increased its stake in shares of Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after purchasing an additional 2,997 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Monolithic Power Systems by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after purchasing an additional 909 shares during the last quarter. Perpetual Ltd boosted its holdings in Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after buying an additional 2,679 shares during the period. Finally, FMR LLC boosted its holdings in 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 buying an additional 361,416 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of several analyst reports. Loop Capital raised their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. KeyCorp raised their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Finally, Citigroup assumed coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction 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 directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $622.29 on Wednesday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a market capitalization of $29.79 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.60 and a beta of 1.03. The company has a fifty day moving average of $636.37 and a 200-day moving average of $711.18.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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%. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed 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 is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s payout ratio is currently 16.97%.

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.