1,594 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,594 shares of the semiconductor company’s stock, valued at approximately $943,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPWR. Ashton Thomas Securities LLC bought a new position in shares of Monolithic Power Systems in the 3rd quarter valued at approximately $36,000. Tradewinds Capital Management LLC grew its holdings in Monolithic Power Systems by 120.0% during the fourth 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 during the last quarter. Rakuten Securities Inc. raised its position in shares of Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 41 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $39,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Monolithic Power Systems in the third quarter worth $65,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 9.3 %

NASDAQ MPWR opened at $609.38 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock has a market cap of $29.73 billion, a P/E ratio of 16.57, a PEG ratio of 2.60 and a beta of 1.03. The company’s 50-day simple moving average is $640.19 and its 200 day simple moving average is $743.40.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data 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%. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.02%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

Insider Activity

In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 16,015 shares in the company, valued at $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 owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MPWR. TD Cowen lowered their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Loop Capital increased their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Oppenheimer dropped their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average 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.