Gulf International Bank UK Ltd Cuts Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Gulf International Bank UK Ltd decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,133 shares of the semiconductor company’s stock after selling 40 shares during the period. Gulf International Bank UK Ltd’s holdings in Monolithic Power Systems were worth $2,445,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. increased its position in Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after buying an additional 1,082 shares in the last quarter. EULAV Asset Management increased its holdings in shares of Monolithic Power Systems by 8.6% during the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock valued at $100,099,000 after acquiring an additional 8,600 shares in the last quarter. Paragon Advisors LLC increased its holdings in shares of Monolithic Power Systems by 140.6% during the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock valued at $3,034,000 after acquiring an additional 2,997 shares in the last quarter. Empowered Funds LLC raised its position in shares of Monolithic Power Systems by 29.0% in the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after purchasing an additional 909 shares during the last quarter. Finally, Perpetual Ltd boosted its stake in Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after purchasing an additional 2,679 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on MPWR. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. KeyCorp boosted their price objective 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. Citigroup started coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Finally, Needham & Company LLC increased their price objective 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value 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 approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $611.01 on Friday. The stock’s 50-day simple moving average is $640.60 and its two-hundred day simple moving average is $742.47. The stock has a market capitalization of $29.81 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 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%. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.02%. 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 currently 16.97%.

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.