Blair William & Co. IL Has $6.72 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Blair William & Co. IL lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,358 shares of the semiconductor company’s stock after purchasing an additional 1,759 shares during the quarter. Blair William & Co. IL’s holdings in Monolithic Power Systems were worth $6,721,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MPWR. Van ECK Associates Corp boosted its stake in shares of Monolithic Power Systems by 73.3% during the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after buying an additional 328,203 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Monolithic Power Systems during the fourth quarter valued at approximately $140,795,000. Geode Capital Management LLC grew its stake in Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after purchasing an additional 133,838 shares in the last quarter. Whale Rock Capital Management LLC increased its position in shares of Monolithic Power Systems by 104.4% during the 3rd quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock worth $185,353,000 after purchasing an additional 102,380 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in shares of Monolithic Power Systems by 39.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 358,777 shares of the semiconductor company’s stock worth $212,288,000 after purchasing an additional 101,156 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several analyst reports. KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Rosenblatt Securities dropped their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Loop Capital lifted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Finally, Wells Fargo & Company cut their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $851.58.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Trading Down 3.6 %

NASDAQ:MPWR opened at $579.89 on Friday. The stock has a 50 day simple moving average of $637.11 and a 200 day simple moving average of $698.64. The stock has a market cap 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, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

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

Monolithic Power Systems Company 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.