Larson Financial Group LLC Purchases 466 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Larson Financial Group LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,518 shares of the semiconductor company’s stock after buying an additional 466 shares during the period. Larson Financial Group LLC’s holdings in Monolithic Power Systems were worth $4,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems during the third quarter valued at approximately $36,000. Tradewinds Capital Management LLC increased its position in 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 purchasing an additional 24 shares during the last quarter. Rakuten Securities Inc. increased its position in Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 41 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems in the fourth quarter worth $39,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Monolithic Power Systems in the 3rd quarter valued at about $65,000. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. KeyCorp increased their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Oppenheimer cut their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities reissued a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Citigroup initiated coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated 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 approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Trading Up 5.5 %

NASDAQ:MPWR opened at $596.79 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The company has a market cap of $29.11 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The stock has a fifty day simple moving average of $638.01 and a 200-day simple moving average of $730.29.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS 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, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced 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. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 1.05%. 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.