Wells Fargo & Company MN Boosts Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wells Fargo & Company MN grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,376 shares of the semiconductor company’s stock after buying an additional 11,667 shares during the period. Wells Fargo & Company MN owned 0.14% of Monolithic Power Systems worth $41,050,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Avantax Advisory Services Inc. boosted its position in shares of Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after purchasing an additional 14 shares during the period. WP Advisors LLC boosted its position in shares of Monolithic Power Systems by 3.2% during the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 16 shares during the period. Allworth Financial LP boosted its position in shares of Monolithic Power Systems by 11.5% during the 4th 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. Keybank National Association OH boosted its position in shares of Monolithic Power Systems by 1.2% during the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock worth $1,079,000 after purchasing an additional 22 shares during the period. Finally, Truvestments Capital LLC boosted its position in shares of Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related 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 sale, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Trading Up 23.4 %

Shares of MPWR opened at $561.84 on Thursday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm’s fifty day simple moving average is $613.29 and its 200-day simple moving average is $674.60. The firm has a market capitalization of $26.89 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data 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 predict 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid 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 yield of 1.11%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research analyst reports. Citigroup initiated coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Loop Capital increased their target price 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. Wells Fargo & Company reduced their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Needham & Company LLC increased their target price 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. Finally, KeyCorp increased their target price 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. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $851.58.

Monolithic Power Systems Company 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.