Burney Co. grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 163.8% during the fourth quarter, Holdings Channel reports. The firm owned 926 shares of the semiconductor company’s stock after purchasing an additional 575 shares during the period. Burney Co.’s holdings in Monolithic Power Systems were worth $548,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Monolithic Power Systems by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 151,406 shares of the semiconductor company’s stock worth $124,405,000 after buying an additional 2,599 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Monolithic Power Systems by 6.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,822 shares of the semiconductor company’s stock valued at $3,140,000 after buying an additional 232 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Monolithic Power Systems by 62.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,868 shares of the semiconductor company’s stock valued at $1,535,000 after purchasing an additional 717 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Monolithic Power Systems by 31.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,218 shares of the semiconductor company’s stock worth $4,188,000 after buying an additional 1,251 shares during the period. Finally, Blair William & Co. IL boosted its holdings in shares of Monolithic Power Systems by 1.2% in the second quarter. Blair William & Co. IL now owns 9,598 shares of the semiconductor company’s stock worth $7,887,000 after acquiring an additional 113 shares during the period. 93.46% of the stock is currently owned by institutional investors.
Monolithic Power Systems Price Performance
Shares of NASDAQ MPWR opened at $625.82 on Friday. The stock has a market cap of $30.53 billion, a P/E ratio of 70.55, a price-to-earnings-growth ratio of 2.26 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The firm has a 50-day moving average of $599.06 and a 200 day moving average of $775.18.
Monolithic Power Systems Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s payout ratio is 56.37%.
Insider Buying and Selling
In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the sale, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. This represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,600 shares of company stock worth $4,656,631. 3.70% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Needham & Company LLC reduced their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. KeyCorp reduced their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a research report on Monday, November 18th. Finally, TD Cowen lowered their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $828.67.
Get Our Latest Analysis on Monolithic Power Systems
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.
Recommended Stories
- Five stocks we like better than Monolithic Power Systems
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- AI Demand Sparks Opportunities for These 3 Nuclear Energy Leaders
- How to Capture the Benefits of Dividend Increases
- TSMC: Long-Term Outlook Still Strong as Geopolitical Risk Rises
- What is an Earnings Surprise?
- Uber’s NVIDIA Deal and Buybacks Signal Major Upside
Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report).
Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.