Rakuten Securities Inc. Boosts Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Rakuten Securities Inc. grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 209.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158 shares of the semiconductor company’s stock after purchasing an additional 107 shares during the quarter. Rakuten Securities Inc.’s holdings in Monolithic Power Systems were worth $93,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MPWR. Tradewinds Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems in the 4th quarter worth $27,000. West Oak Capital LLC increased its holdings in Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 545 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Monolithic Power Systems in the 3rd quarter worth $36,000. Finally, Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth $39,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’s 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 owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Up 2.2 %

Shares of MPWR stock opened at $582.99 on Thursday. The company’s 50-day moving average price is $636.96 and its 200-day moving average price is $721.68. The stock has a market cap of $27.91 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64.

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

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.07%. Monolithic Power Systems’s payout ratio is presently 16.97%.

Wall Street Analyst Weigh In

MPWR has been the subject of several recent analyst reports. KeyCorp boosted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Oppenheimer cut their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $866.17.

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.