Blue Trust Inc. Acquires 25 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Blue Trust Inc. grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 914 shares of the semiconductor company’s stock after purchasing an additional 25 shares during the period. Blue Trust Inc.’s holdings in Monolithic Power Systems were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Creative Planning increased its holdings in Monolithic Power Systems by 10.8% in the 2nd quarter. Creative Planning now owns 5,818 shares of the semiconductor company’s stock worth $4,780,000 after purchasing an additional 566 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Monolithic Power Systems by 5.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 825 shares of the semiconductor company’s stock valued at $676,000 after buying an additional 45 shares during the period. Advisory Alpha LLC bought a new position in Monolithic Power Systems in the 2nd quarter valued at approximately $268,000. Cetera Investment Advisers raised its holdings in Monolithic Power Systems by 4.0% in the 2nd quarter. Cetera Investment Advisers now owns 7,038 shares of the semiconductor company’s stock valued at $5,784,000 after buying an additional 272 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $3,292,000. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,100 shares of company stock valued at $2,724,231 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Wells Fargo & Company began coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 price objective for the company. Finally, KeyCorp reduced their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $828.67.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $636.78 on Friday. The firm has a market cap of $31.06 billion, a PE ratio of 71.79, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The business’s 50 day moving average price is $608.30 and its two-hundred day moving average price is $762.75.

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

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.79%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

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.