PFG Advisors Has $2.04 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

PFG Advisors raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,448 shares of the semiconductor company’s stock after acquiring an additional 475 shares during the quarter. PFG Advisors’ holdings in Monolithic Power Systems were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Tradewinds Capital Management LLC increased its position in 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 acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $27,000. West Oak Capital LLC boosted its stake in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 545 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Monolithic Power Systems in the 3rd quarter valued at about $36,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Finally, Oppenheimer reduced their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two 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.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Insider Activity

In other news, EVP Maurice Sciammas sold 7,000 shares of the business’s 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 sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

MPWR stock opened at $582.99 on Thursday. The company has a fifty day moving average price of $636.96 and a two-hundred day moving average price of $721.68. 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 $27.91 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 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%. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS 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. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is presently 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.