5,019 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,019 shares of the semiconductor company’s stock, valued at approximately $3,166,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Natixis Advisors L.P. lifted its holdings in shares of Monolithic Power Systems by 24.1% in the 4th quarter. Natixis Advisors L.P. now owns 155,778 shares of the semiconductor company’s stock valued at $98,261,000 after buying an additional 30,261 shares during the period. First Horizon Advisors Inc. lifted its holdings in Monolithic Power Systems by 24.0% in the fourth quarter. First Horizon Advisors Inc. now owns 207 shares of the semiconductor company’s stock valued at $131,000 after acquiring an additional 40 shares during the period. LGT Group Foundation boosted its position in Monolithic Power Systems by 32.2% in the 4th quarter. LGT Group Foundation now owns 9,104 shares of the semiconductor company’s stock worth $5,756,000 after purchasing an additional 2,219 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Monolithic Power Systems by 30.3% during the 4th quarter. First Trust Direct Indexing L.P. now owns 1,234 shares of the semiconductor company’s stock worth $778,000 after purchasing an additional 287 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $512,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 0.8 %

MPWR stock opened at $707.22 on Monday. The firm has a 50-day moving average of $678.85 and a two-hundred day moving average of $617.41. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The company has a market cap of $34.41 billion, a price-to-earnings ratio of 84.29, a PEG ratio of 3.64 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.25 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 annualized dividend and a dividend yield of 0.71%. Monolithic Power Systems’s payout ratio is presently 59.59%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the transaction, the director now directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $495,040.00. Following the sale, the chief financial officer now directly owns 83,173 shares in the company, valued at approximately $56,557,640. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeff Zhou sold 200 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the transaction, the director now directly owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,077 shares of company stock valued at $30,986,274. 3.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Wells Fargo & Company upped their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist Financial lifted their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen upped their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, KeyCorp lifted their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $743.78.

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.