Jacobi Capital Management LLC Invests $207,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Jacobi Capital Management LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 349 shares of the semiconductor company’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently made changes to their positions in MPWR. FMR LLC lifted its position in Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Monolithic Power Systems by 73.3% during the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after buying an additional 328,203 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after buying an additional 133,838 shares during the period. Whale Rock Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 104.4% during the 3rd quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock valued at $185,353,000 after buying an additional 102,380 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Monolithic Power Systems by 14,315.6% during the 3rd quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock valued at $94,223,000 after buying an additional 101,211 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $578.92 on Tuesday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The firm has a market capitalization of $28.24 billion, a PE ratio of 15.74, a PEG ratio of 2.60 and a beta of 1.03. The stock has a fifty day simple moving average of $640.18 and a two-hundred day simple moving average of $736.84.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.08%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the 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. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MPWR. Citigroup began coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Needham & Company LLC increased their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Loop Capital upped their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company upped their price objective 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

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.