BXM Wealth LLC Invests $266,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

BXM Wealth LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 450 shares of the semiconductor company’s stock, valued at approximately $266,000.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after purchasing an additional 361,416 shares during the last quarter. State Street Corp lifted its stake in Monolithic Power Systems by 2.1% during the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after acquiring an additional 42,678 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after acquiring an additional 133,838 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after acquiring an additional 328,203 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Monolithic Power Systems by 5.0% during the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock valued at $297,799,000 after purchasing an additional 15,350 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MPWR. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Loop Capital lifted their target price 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. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Finally, Oppenheimer dropped their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and ten have given 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 an average price target of $866.17.

Insider Buying and Selling at Monolithic Power Systems

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

Monolithic Power Systems Price Performance

MPWR opened at $684.93 on Friday. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The business has a 50 day simple moving average of $630.25 and a two-hundred day simple moving average of $750.84. The firm has a market capitalization of $33.41 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.53 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 net margin of 80.95% and a return on equity of 22.49%. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.91%. Monolithic Power Systems’s dividend payout ratio is 13.60%.

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.