Westpac Banking Corp Invests $266,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Westpac Banking Corp acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 449 shares of the semiconductor company’s stock, valued at approximately $266,000.

Other institutional investors also recently bought and sold shares of the company. Paragon Advisors LLC raised its holdings in shares of Monolithic Power Systems by 140.6% in the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after buying an additional 2,997 shares during the last quarter. Perpetual Ltd lifted its position in Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after acquiring an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd purchased a new stake in Monolithic Power Systems during the 4th quarter valued at about $3,182,000. Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after purchasing an additional 133,838 shares during the period. Finally, Vantage Investment Partners LLC increased its holdings in Monolithic Power Systems by 4.5% in the 4th quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company’s stock worth $20,545,000 after buying an additional 1,505 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MPWR shares. Loop Capital upped their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup began coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Rosenblatt Securities decreased their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Oppenheimer restated an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, Needham & Company LLC upped their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Stock Down 4.3 %

Shares of NASDAQ:MPWR opened at $477.39 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $451.29 and a 52-week high of $959.64. The stock has a market cap of $22.85 billion, a P/E ratio of 12.98, a PEG ratio of 2.60 and a beta of 1.21. The business has a fifty day moving average of $625.06 and a two-hundred day moving average of $687.80.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data 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 net margin of 80.95% and a return on equity of 20.36%. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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 issued a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.31%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Insider Activity

In other Monolithic Power Systems 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 completion of the sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

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.