abrdn plc Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

abrdn plc boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 66.2% in the fourth quarter, Holdings Channel reports. The fund owned 20,815 shares of the semiconductor company’s stock after buying an additional 8,294 shares during the quarter. abrdn plc’s holdings in Monolithic Power Systems were worth $13,130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MPWR. CWM LLC boosted its stake in shares of Monolithic Power Systems by 15.8% during the 3rd quarter. CWM LLC now owns 676 shares of the semiconductor company’s stock valued at $312,000 after buying an additional 92 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Monolithic Power Systems by 8.5% during the 3rd quarter. AE Wealth Management LLC now owns 756 shares of the semiconductor company’s stock valued at $349,000 after buying an additional 59 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Monolithic Power Systems during the 3rd quarter valued at approximately $827,000. Czech National Bank boosted its stake in shares of Monolithic Power Systems by 56.6% during the 3rd quarter. Czech National Bank now owns 8,350 shares of the semiconductor company’s stock valued at $3,858,000 after buying an additional 3,017 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Monolithic Power Systems by 1.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 19,507 shares of the semiconductor company’s stock valued at $9,012,000 after buying an additional 270 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPWR has been the subject of several research analyst reports. Oppenheimer increased their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen raised their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. KeyCorp raised their price objective on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Needham & Company LLC raised their price objective on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus raised their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $670.30.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the transaction, the chief financial officer now directly owns 84,768 shares of the company’s stock, valued at $51,137,143.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the transaction, the chief financial officer now directly owns 84,768 shares in the company, valued at $51,137,143.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,077 shares of company stock valued at $30,357,479. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $660.34 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15. The business’s fifty day moving average price is $683.86 and its two-hundred day moving average price is $607.16. The firm has a market capitalization of $32.13 billion, a PE ratio of 75.38, a P/E/G ratio of 3.44 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The company had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.08%.

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.