WP Advisors LLC Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

WP Advisors LLC raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 522 shares of the semiconductor company’s stock after buying an additional 16 shares during the quarter. WP Advisors LLC’s holdings in Monolithic Power Systems were worth $309,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Monolithic Power Systems during the third quarter valued at about $36,000. Rakuten Securities Inc. lifted its position in shares of Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 41 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $39,000. Capital Performance Advisors LLP purchased a new stake in shares of Monolithic Power Systems during the third quarter valued at about $65,000. Finally, Versant Capital Management Inc lifted its position in shares of Monolithic Power Systems by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after buying an additional 41 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Down 0.4 %

Shares of NASDAQ:MPWR opened at $689.81 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The company’s 50 day moving average is $636.72 and its 200 day moving average is $747.60. The company has a market cap of $33.65 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03.

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 the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is 13.60%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on MPWR shares. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Citigroup initiated coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. TD Cowen cut their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. KeyCorp upped their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Needham & Company LLC upped their price objective 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. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $866.17.

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.