DnB Asset Management AS Acquires 14,571 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

DnB Asset Management AS lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 185.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,432 shares of the semiconductor company’s stock after purchasing an additional 14,571 shares during the quarter. DnB Asset Management AS’s holdings in Monolithic Power Systems were worth $13,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tradewinds Capital Management LLC boosted its holdings in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth about $27,000. Golden State Wealth Management LLC bought a new position in Monolithic Power Systems in the 4th quarter worth about $39,000. AlphaQuest LLC purchased a new stake in Monolithic Power Systems during the 4th quarter valued at about $41,000. Finally, Versant Capital Management Inc increased its stake in Monolithic Power Systems by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 3.6 %

NASDAQ MPWR opened at $579.89 on Friday. The company has a 50-day moving average price of $637.11 and a 200-day moving average price of $698.64. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The firm has a market capitalization of $27.76 billion, a P/E ratio of 15.77, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results 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 return on equity of 20.36% and a net margin of 80.95%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction that occurred 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 approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Oppenheimer restated an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $851.58.

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.