Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Keybank National Association OH

Keybank National Association OH increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,824 shares of the semiconductor company’s stock after acquiring an additional 22 shares during the period. Keybank National Association OH’s holdings in Monolithic Power Systems were worth $1,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC lifted its position in Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares in the last quarter. State Street Corp lifted its position 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 worth $1,930,301,000 after acquiring an additional 42,678 shares in the last quarter. Geode Capital Management LLC lifted its position 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 in the last quarter. Van ECK Associates Corp lifted its position in Monolithic Power Systems by 73.3% during 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, Bank of New York Mellon Corp lifted its position in Monolithic Power Systems by 11.6% during the 4th quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company’s stock worth $207,049,000 after acquiring an additional 36,323 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 5.5 %

Shares of NASDAQ MPWR opened at $596.79 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The company has a market capitalization of $29.11 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The business has a 50 day simple moving average of $638.01 and a 200-day simple moving average of $730.29.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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%. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business 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 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 yield of 1.05%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MPWR shares. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. KeyCorp lifted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Loop Capital lifted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Citigroup started coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $866.17.

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.