Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Boosted by GraniteShares Advisors LLC

GraniteShares Advisors LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,017 shares of the semiconductor company’s stock after purchasing an additional 91 shares during the quarter. GraniteShares Advisors LLC’s holdings in Monolithic Power Systems were worth $602,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MPWR. Assenagon Asset Management S.A. lifted its stake in Monolithic Power Systems by 3.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,165 shares of the semiconductor company’s stock worth $1,077,000 after purchasing an additional 37 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Monolithic Power Systems in the third quarter worth $301,000. Allworth Financial LP increased its position in Monolithic Power Systems by 13.0% in the third quarter. Allworth Financial LP now owns 139 shares of the semiconductor company’s stock worth $128,000 after buying an additional 16 shares during the period. Nisa Investment Advisors LLC increased its position in Monolithic Power Systems by 57.3% in the third quarter. Nisa Investment Advisors LLC now owns 19,594 shares of the semiconductor company’s stock worth $18,139,000 after buying an additional 7,137 shares during the period. Finally, Autumn Glory Partners LLC acquired a new stake in Monolithic Power Systems in the third quarter worth $209,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Down 0.2 %

Shares of MPWR stock opened at $651.32 on Wednesday. The stock has a 50-day simple moving average of $638.72 and a 200 day simple moving average of $743.91. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The stock has a market capitalization of $31.77 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its 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 net margin of 80.95% and a return on equity of 20.36%. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.96%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of several analyst reports. TD Cowen dropped their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC increased their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. KeyCorp increased their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Loop Capital increased their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company raised their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $866.17.

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.