Andar Capital Management HK Ltd Takes Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Andar Capital Management HK Ltd acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,400 shares of the semiconductor company’s stock, valued at approximately $1,420,000. Monolithic Power Systems comprises 1.8% of Andar Capital Management HK Ltd’s holdings, making the stock its 15th largest position.

A number of other institutional investors have also modified their holdings of the company. Xponance Inc. raised its position in shares of Monolithic Power Systems by 7.7% in the fourth quarter. Xponance Inc. now owns 11,737 shares of the semiconductor company’s stock valued at $6,945,000 after buying an additional 836 shares during the last quarter. OPTIMAS CAPITAL Ltd acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $1,479,000. Generali Asset Management SPA SGR acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $3,542,000. Thrivent Financial for Lutherans raised its position in shares of Monolithic Power Systems by 8.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 35,976 shares of the semiconductor company’s stock valued at $21,323,000 after buying an additional 2,952 shares during the last quarter. Finally, Leelyn Smith LLC raised its position in shares of Monolithic Power Systems by 11.4% in the fourth quarter. Leelyn Smith LLC now owns 2,966 shares of the semiconductor company’s stock valued at $1,755,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities restated a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. Citigroup initiated coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Oppenheimer lowered their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $866.17.

Monolithic Power Systems Stock Down 2.9 %

MPWR opened at $622.29 on Wednesday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a 50 day moving average of $636.37 and a two-hundred day moving average of $711.18. The company has a market cap of $29.79 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.00%. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Insider Activity

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’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 directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

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.