Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,800 shares of the semiconductor company’s stock after purchasing an additional 100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Monolithic Power Systems were worth $1,137,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MPWR. Moneta Group Investment Advisors LLC raised its stake in Monolithic Power Systems by 140,338.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock valued at $362,025,000 after purchasing an additional 1,023,068 shares during the last quarter. FMR LLC raised its stake in Monolithic Power Systems by 35.0% in the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock valued at $1,655,717,000 after purchasing an additional 929,009 shares during the last quarter. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth $150,233,000. JPMorgan Chase & Co. increased its stake in shares of Monolithic Power Systems by 70.4% in the 1st quarter. JPMorgan Chase & Co. now owns 671,820 shares of the semiconductor company’s stock worth $336,272,000 after acquiring an additional 277,563 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Monolithic Power Systems by 87.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after acquiring an additional 180,500 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $637.72 on Thursday. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The stock has a market capitalization of $31.03 billion, a price-to-earnings ratio of 72.80, a price-to-earnings-growth ratio of 3.51 and a beta of 1.24. The business has a 50-day moving average of $697.55 and a 200 day moving average of $601.37.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The business had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.25 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 annualized dividend and a yield of 0.78%. Monolithic Power Systems’s payout ratio is 57.08%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00. Following the completion of the transaction, the chief executive officer now directly owns 921,774 shares in the company, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. Insiders have sold a total of 45,077 shares of company stock valued at $30,357,479 over the last quarter. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on MPWR shares. KeyCorp raised their target price on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. TD Cowen raised their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Stifel Nicolaus raised their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Needham & Company LLC raised their target price on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Rosenblatt Securities raised their target price on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $670.30.

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.