Leelyn Smith LLC Buys 304 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Leelyn Smith LLC increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,966 shares of the semiconductor company’s stock after purchasing an additional 304 shares during the period. Leelyn Smith LLC’s holdings in Monolithic Power Systems were worth $1,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cibc World Markets Corp boosted its position in Monolithic Power Systems by 16.3% in the fourth quarter. Cibc World Markets Corp now owns 7,716 shares of the semiconductor company’s stock worth $4,566,000 after purchasing an additional 1,079 shares during the last quarter. Sovereign Investment Advisors LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $587,000. Corient Private Wealth LLC boosted its holdings in shares of Monolithic Power Systems by 36.3% in the fourth quarter. Corient Private Wealth LLC now owns 67,694 shares of the semiconductor company’s stock worth $40,056,000 after buying an additional 18,026 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Monolithic Power Systems by 23.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,298 shares of the semiconductor company’s stock worth $4,910,000 after buying an additional 1,565 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $3,669,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $640.64 on Tuesday. The company has a market capitalization of $30.66 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The company’s fifty day moving average price is $636.42 and its 200 day moving average price is $713.38. 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 issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (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%. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent research reports. Oppenheimer decreased their price target on shares of 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. KeyCorp raised their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $866.17.

About Monolithic Power Systems

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.