UniSuper Management Pty Ltd Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

UniSuper Management Pty Ltd lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.8% in the fourth quarter, HoldingsChannel reports. The firm owned 10,842 shares of the semiconductor company’s stock after acquiring an additional 1,637 shares during the period. UniSuper Management Pty Ltd’s holdings in Monolithic Power Systems were worth $6,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Avantax Advisory Services Inc. increased its position in Monolithic Power Systems by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after buying an additional 14 shares in the last quarter. WP Advisors LLC increased its position in Monolithic Power Systems by 3.2% during the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 16 shares in the last quarter. Allworth Financial LP raised its stake in Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 16 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Monolithic Power Systems by 5.1% in the 3rd quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 19 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Monolithic Power Systems by 12.2% during the 3rd quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MPWR shares. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Rosenblatt Securities decreased their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Oppenheimer reissued an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $851.58.

Insider Activity

In other 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 directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $601.44 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The business has a 50 day simple moving average of $638.03 and a 200 day simple moving average of $701.45. The firm has a market capitalization of $28.79 billion, a P/E ratio of 16.36, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results 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%. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.04%. 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%.

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.