Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 864 shares of the semiconductor company’s stock after buying an additional 154 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Monolithic Power Systems were worth $511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Geneva Capital Management LLC raised its holdings in Monolithic Power Systems by 32.9% in the 4th quarter. Geneva Capital Management LLC now owns 36,339 shares of the semiconductor company’s stock worth $21,502,000 after purchasing an additional 9,004 shares during the period. Raymond James Financial Inc. acquired a new position in Monolithic Power Systems in the 4th quarter worth about $140,795,000. Promus Capital LLC acquired a new position in Monolithic Power Systems in the 4th quarter worth about $80,000. Arizona State Retirement System raised its holdings in Monolithic Power Systems by 1.4% in the 4th quarter. Arizona State Retirement System now owns 14,140 shares of the semiconductor company’s stock worth $8,367,000 after purchasing an additional 195 shares during the period. Finally, Verdence Capital Advisors LLC acquired a new position in Monolithic Power Systems in the 4th quarter worth about $347,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 sale, the executive vice president now directly 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 disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MPWR. Oppenheimer reduced their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Rosenblatt Securities reissued a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $596.79 on Friday. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The stock has a market cap of $29.11 billion, a PE ratio of 16.23, a P/E/G ratio of 2.60 and a beta of 1.03. The stock has a 50 day moving average price of $638.01 and a 200 day moving average price of $729.07.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results 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, analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a boost 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 annualized dividend and a yield of 1.05%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

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.