Segall Bryant & Hamill LLC Purchases 10,649 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Segall Bryant & Hamill LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 69.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,896 shares of the semiconductor company’s stock after purchasing an additional 10,649 shares during the period. Segall Bryant & Hamill LLC owned 0.05% of Monolithic Power Systems worth $15,323,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. 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 worth $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $27,000. West Oak Capital LLC grew its stake in shares of Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 545 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Monolithic Power Systems during the fourth quarter worth $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 0.8 %

Shares of NASDAQ MPWR opened at $632.97 on Wednesday. The company has a market cap of $30.30 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The firm’s 50-day simple moving average is $637.97 and its 200 day simple moving average is $702.87.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results 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, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current 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 given a dividend of $1.56 per share. 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 dividend on an annualized basis and a yield of 0.99%. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MPWR. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities cut their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, Oppenheimer reiterated an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. 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 an average rating of “Moderate Buy” and a consensus price target of $851.58.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

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.