OPTIMAS CAPITAL Ltd Takes $1.48 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

OPTIMAS CAPITAL Ltd purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,500 shares of the semiconductor company’s stock, valued at approximately $1,479,000. Monolithic Power Systems accounts for 2.0% of OPTIMAS CAPITAL Ltd’s holdings, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC boosted its holdings in shares of Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares during the period. State Street Corp boosted its holdings in shares of Monolithic Power Systems by 2.1% in the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after buying an additional 42,678 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after buying an additional 133,838 shares during the period. Van ECK Associates Corp lifted its position in Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after purchasing an additional 328,203 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Monolithic Power Systems by 11.6% in the 4th quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company’s stock valued at $207,049,000 after purchasing an additional 36,323 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm’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 completion of the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on MPWR shares. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Oppenheimer cut their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Stock Up 5.7 %

NASDAQ:MPWR opened at $640.64 on Tuesday. The stock has a fifty day simple moving average of $636.42 and a 200 day simple moving average of $713.38. The firm has a market capitalization of $30.66 billion, a price-to-earnings ratio of 17.42, 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.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 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%. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.97%. Monolithic Power Systems’s dividend payout ratio is 16.97%.

About Monolithic Power Systems

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.