LPL Financial LLC Raises Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

LPL Financial LLC boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 108,743 shares of the semiconductor company’s stock after purchasing an additional 10,233 shares during the quarter. LPL Financial LLC’s holdings in Monolithic Power Systems were worth $64,343,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Cerity Partners LLC raised its holdings in Monolithic Power Systems by 47.9% in the third quarter. Cerity Partners LLC now owns 4,551 shares of the semiconductor company’s stock valued at $4,207,000 after acquiring an additional 1,474 shares in the last quarter. Swedbank AB increased its position in shares of Monolithic Power Systems by 49.4% in the 3rd quarter. Swedbank AB now owns 10,400 shares of the semiconductor company’s stock worth $9,615,000 after purchasing an additional 3,439 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Monolithic Power Systems by 277.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 506 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 372 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Monolithic Power Systems by 12.2% during the third quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 22 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in Monolithic Power Systems by 5.1% in the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 19 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s 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 sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MPWR. Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Wells Fargo & Company reduced their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities decreased their price target on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $851.58.

Monolithic Power Systems Stock Down 5.1 %

Monolithic Power Systems stock opened at $600.47 on Thursday. 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 $28.74 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.60 and a beta of 1.03. The firm has a 50-day moving average price of $637.94 and a two-hundred day moving average price of $702.15.

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 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%. Research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.56 dividend. This is a boost 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 annualized dividend and a dividend yield of 1.04%. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Monolithic Power Systems 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.