Amundi Acquires 15,591 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Amundi raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,188 shares of the semiconductor company’s stock after acquiring an additional 15,591 shares during the quarter. Amundi owned approximately 0.19% of Monolithic Power Systems worth $56,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of MPWR. Tradewinds Capital Management LLC grew 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 during the last quarter. West Oak Capital LLC grew its position in 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 acquiring an additional 545 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems in the 3rd quarter valued at $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth $39,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 410.0% in the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after buying an additional 41 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on MPWR shares. Oppenheimer lowered their target price 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. Wells Fargo & Company upped their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. KeyCorp upped their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Loop Capital upped their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $866.17.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $570.35 on Wednesday. The stock has a market capitalization of $27.30 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The business has a fifty day moving average price of $637.14 and a 200 day moving average price of $722.65.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (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, equities research analysts anticipate 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. Investors 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. This represents a $6.24 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 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.