Harfst & Associates Inc. Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Harfst & Associates Inc. grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,388 shares of the semiconductor company’s stock after purchasing an additional 579 shares during the quarter. Harfst & Associates Inc.’s holdings in Monolithic Power Systems were worth $2,005,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MPWR. Tradewinds Capital Management LLC raised its holdings in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 24 shares in the last quarter. West Oak Capital LLC raised its holdings in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 545 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Monolithic Power Systems during the third quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $39,000. Finally, Rakuten Securities Inc. raised its holdings in Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of a number of research analyst reports. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, TD Cowen cut their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $866.17.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $671.58 on Thursday. The firm has a market cap of $32.76 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The firm’s fifty day moving average price is $638.72 and its 200 day moving average price is $743.91.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 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%. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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 is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s payout ratio is presently 16.97%.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction on 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 directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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.