KLP Kapitalforvaltning AS Invests $9.75 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

KLP Kapitalforvaltning AS acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 16,450 shares of the semiconductor company’s stock, valued at approximately $9,751,000.

Several other hedge funds have also added to or reduced their stakes in the business. Tradewinds Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $39,000. AlphaQuest LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $41,000. Finally, Versant Capital Management Inc raised its holdings in Monolithic Power Systems by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MPWR shares. Loop Capital raised their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities cut their price target on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a report on Friday. KeyCorp increased their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Citigroup initiated coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $627.93 on Tuesday. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The stock has a market cap of $30.06 billion, a P/E ratio of 17.08, a P/E/G ratio of 2.60 and a beta of 1.03. The company has a fifty day moving average price of $637.11 and a two-hundred day moving average price of $704.09.

Monolithic Power Systems (NASDAQ:MPWR) last released 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 net margin of 80.95% and a return on equity of 20.36%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.99%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s payout ratio is 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.