Credit Capital Investments LLC Invests $414,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Credit Capital Investments LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 700 shares of the semiconductor company’s stock, valued at approximately $414,000. Monolithic Power Systems accounts for approximately 0.5% of Credit Capital Investments LLC’s investment portfolio, making the stock its 19th largest position.

Other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC increased its stake in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management bought a new position in Monolithic Power Systems during the fourth quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at about $39,000. AlphaQuest LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at about $41,000. Finally, Versant Capital Management Inc increased its stake in Monolithic Power Systems by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 41 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MPWR. Oppenheimer lowered their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC boosted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Citigroup initiated coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. KeyCorp lifted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Two equities research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’s 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 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $622.29 on Wednesday. The company has a market capitalization of $29.79 billion, a P/E ratio of 16.92, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The business’s 50 day simple moving average is $636.37 and its 200-day simple moving average is $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 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%. On average, 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 company also recently disclosed 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 is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.00%. Monolithic Power Systems’s dividend 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.