Groupama Asset Managment Has $1.61 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Groupama Asset Managment decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 33.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,671 shares of the semiconductor company’s stock after selling 1,353 shares during the period. Groupama Asset Managment’s holdings in Monolithic Power Systems were worth $1,612,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Avantax Advisory Services Inc. grew its stake in Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock valued at $1,893,000 after buying an additional 14 shares during the last quarter. WP Advisors LLC grew its position in shares of Monolithic Power Systems by 3.2% in the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 16 shares during the last quarter. Allworth Financial LP increased its stake in shares of Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 16 shares during the period. D.A. Davidson & CO. lifted its holdings in Monolithic Power Systems by 5.1% during the 3rd quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 19 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock valued at $1,079,000 after purchasing an additional 22 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MPWR. Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. KeyCorp boosted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Loop Capital raised their price objective 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $851.58.

Monolithic Power Systems Stock Up 1.6 %

NASDAQ:MPWR opened at $590.65 on Thursday. The firm has a market capitalization of $28.27 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $540.18 and a twelve month high of $959.64. The stock’s 50-day simple moving average is $633.08 and its 200 day simple moving average is $691.97.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, 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 declared 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. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.06%. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’s 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 completion of the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.70% of the company’s stock.

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.