Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 17.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,553 shares of the semiconductor company’s stock after purchasing an additional 5,898 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Monolithic Power Systems were worth $36,844,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its position in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the period. SJS Investment Consulting Inc. boosted its position in Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares during the period. Salomon & Ludwin LLC purchased a new stake in Monolithic Power Systems in the 3rd quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Monolithic Power Systems in the 4th quarter valued at about $34,000. Finally, IFP Advisors Inc boosted its position in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.
Monolithic Power Systems Stock Performance
NASDAQ:MPWR opened at $1,592.17 on Friday. The firm has a market cap of $78.21 billion, a P/E ratio of 124.97, a P/E/G ratio of 3.85 and a beta of 1.48. The firm has a 50-day simple moving average of $1,188.83 and a 200-day simple moving average of $1,064.42. Monolithic Power Systems, Inc. has a one year low of $546.76 and a one year high of $1,597.76.
Monolithic Power Systems Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $2.00 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date was Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 62.79%.
Insider Activity
In related news, EVP Maurice Sciammas sold 22,875 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 178,625 shares in the company, valued at $209,198,455. The trade was a 11.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the transaction, the chief financial officer owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. This trade represents a 20.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 137,683 shares of company stock worth $158,138,447 over the last 90 days. 3.40% of the stock is currently owned by insiders.
Analysts Set New Price Targets
MPWR has been the subject of several research reports. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Finally, Weiss Ratings lowered shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,235.08.
View Our Latest Analysis on MPWR
Monolithic Power Systems Company Profile
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.
Further Reading
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