Linden Thomas Advisory Services LLC Has $2.37 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Linden Thomas Advisory Services LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,997 shares of the semiconductor company’s stock after purchasing an additional 186 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Monolithic Power Systems were worth $2,365,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MPWR. Public Sector Pension Investment Board boosted its stake in Monolithic Power Systems by 76.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,884 shares of the semiconductor company’s stock valued at $1,548,000 after buying an additional 818 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 36.8% in the 2nd quarter. AQR Capital Management LLC now owns 84,360 shares of the semiconductor company’s stock worth $69,317,000 after purchasing an additional 22,699 shares during the last quarter. APG Asset Management US Inc. increased its position in shares of Monolithic Power Systems by 2.3% during the 2nd quarter. APG Asset Management US Inc. now owns 14,853 shares of the semiconductor company’s stock worth $12,171,000 after purchasing an additional 338 shares in the last quarter. APG Asset Management N.V. grew its stake in Monolithic Power Systems by 22.8% during the second quarter. APG Asset Management N.V. now owns 29,363 shares of the semiconductor company’s stock worth $22,512,000 after buying an additional 5,445 shares during the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $2,844,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $678.43 on Friday. The stock has a market capitalization of $33.09 billion, a price-to-earnings ratio of 76.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. The company has a fifty day moving average of $604.82 and a 200-day moving average of $769.14. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a research report on Monday, November 18th. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Oppenheimer reiterated an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Finally, KeyCorp cut their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $828.67.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the transaction, the chief financial officer now directly owns 56,678 shares of the company’s stock, valued at approximately $43,809,826.88. This represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the sale, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,600 shares of company stock worth $4,656,631 in the last 90 days. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems 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.