Summit Global Investments Purchases 5,378 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Summit Global Investments raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2,278.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,614 shares of the semiconductor company’s stock after buying an additional 5,378 shares during the quarter. Summit Global Investments’ holdings in Monolithic Power Systems were worth $3,322,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Caprock Group LLC raised its position in Monolithic Power Systems by 64.3% in the third quarter. Caprock Group LLC now owns 570 shares of the semiconductor company’s stock worth $528,000 after purchasing an additional 223 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Monolithic Power Systems in the 3rd quarter worth approximately $1,570,000. PNC Financial Services Group Inc. lifted its position in shares of Monolithic Power Systems by 13.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,139 shares of the semiconductor company’s stock worth $9,374,000 after buying an additional 1,167 shares during the period. Commerce Bank boosted its stake in Monolithic Power Systems by 101.5% in the 3rd quarter. Commerce Bank now owns 5,887 shares of the semiconductor company’s stock valued at $5,443,000 after buying an additional 2,965 shares in the last quarter. Finally, LPL Financial LLC grew its position in Monolithic Power Systems by 9.1% in the third quarter. LPL Financial LLC now owns 98,510 shares of the semiconductor company’s stock valued at $91,073,000 after acquiring an additional 8,238 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MPWR shares. Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday. Oppenheimer reissued an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday. Finally, KeyCorp raised their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $851.58.

Monolithic Power Systems Trading Down 3.0 %

Shares of NASDAQ:MPWR opened at $590.98 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The stock has a market capitalization of $28.29 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.60 and a beta of 1.03. The business has a 50-day moving average price of $636.30 and a two-hundred day moving average price of $707.52.

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 the consensus estimate 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 EPS 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. The ex-dividend date is Monday, March 31st. 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 dividend yield of 1.06%. Monolithic Power Systems’s payout ratio is 16.97%.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’s 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 directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by insiders.

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.