Shaker Investments LLC OH Buys 924 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Shaker Investments LLC OH boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,886 shares of the semiconductor company’s stock after purchasing an additional 924 shares during the period. Monolithic Power Systems comprises about 1.2% of Shaker Investments LLC OH’s holdings, making the stock its 28th largest holding. Shaker Investments LLC OH’s holdings in Monolithic Power Systems were worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. NBC Securities Inc. lifted its stake in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 26 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 34 shares during the last quarter. West Oak Capital LLC increased its stake in shares of 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 buying an additional 545 shares during the period. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems in the 3rd quarter valued at approximately $36,000. Finally, Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 2.1 %

Shares of MPWR stock opened at $705.36 on Tuesday. The firm has a market cap of $34.41 billion, a P/E ratio of 19.18, a PEG ratio of 2.53 and a beta of 1.03. The company has a 50 day moving average of $618.61 and a 200-day moving average of $754.03. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.56 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s payout ratio is currently 13.60%.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MPWR. TD Cowen reduced their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Oppenheimer decreased their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday. Finally, KeyCorp boosted their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $866.17.

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.