Candriam S.C.A. Raises Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Candriam S.C.A. boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 47.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,792 shares of the semiconductor company’s stock after purchasing an additional 16,288 shares during the quarter. Candriam S.C.A.’s holdings in Monolithic Power Systems were worth $30,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter worth $36,000. Tradewinds Capital Management LLC increased its stake in shares of Monolithic Power Systems by 120.0% in the 4th 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 in the last quarter. Rakuten Securities Inc. increased its stake in shares of Monolithic Power Systems by 410.0% in the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 41 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Finally, Capital Performance Advisors LLP purchased a new stake in Monolithic Power Systems during the 3rd quarter worth approximately $65,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $612.19 on Thursday. 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 $29.86 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.60 and a beta of 1.03. The firm’s 50 day moving average price is $639.41 and its two-hundred day moving average price is $733.68.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 return on equity of 20.36% and a net margin of 80.95%. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MPWR. Citigroup assumed coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Needham & Company LLC increased their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company increased their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. KeyCorp increased their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, 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 report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $866.17.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 approximately $32,066,400. This trade represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

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.