Global Retirement Partners LLC Purchases 67 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Global Retirement Partners LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 674 shares of the semiconductor company’s stock after purchasing an additional 67 shares during the quarter. Global Retirement Partners LLC’s holdings in Monolithic Power Systems were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of MPWR. Assetmark Inc. lifted its holdings in Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares during the last quarter. EULAV Asset Management lifted its position in Monolithic Power Systems by 8.6% during the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after acquiring an additional 8,600 shares during the last quarter. Paragon Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 140.6% during the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after acquiring an additional 2,997 shares during the period. Empowered Funds LLC grew its position in shares of Monolithic Power Systems by 29.0% in the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after purchasing an additional 909 shares during the last quarter. Finally, Perpetual Ltd increased its stake in shares of Monolithic Power Systems by 1,042.4% during the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after purchasing an additional 2,679 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Oppenheimer lowered their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. 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 research report on Friday, February 7th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $866.17.

Monolithic Power Systems Trading Down 4.2 %

Monolithic Power Systems stock opened at $661.08 on Monday. The firm’s fifty day moving average price is $637.78 and its two-hundred day moving average price is $746.46. The firm has a market capitalization of $32.25 billion, a price-to-earnings ratio of 17.98, 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.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (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%. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 13.60%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the 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 transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. This represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

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.