Whittier Trust Co. Acquires 1,242 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Whittier Trust Co. increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,532 shares of the semiconductor company’s stock after buying an additional 1,242 shares during the period. Whittier Trust Co.’s holdings in Monolithic Power Systems were worth $24,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Meeder Advisory Services Inc. grew its stake in shares of Monolithic Power Systems by 26.5% during the third quarter. Meeder Advisory Services Inc. now owns 701 shares of the semiconductor company’s stock valued at $648,000 after purchasing an additional 147 shares during the last quarter. Caprock Group LLC boosted its position in Monolithic Power Systems by 64.3% in the 3rd quarter. Caprock Group LLC now owns 570 shares of the semiconductor company’s stock valued at $528,000 after buying an additional 223 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Monolithic Power Systems by 19.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 506 shares of the semiconductor company’s stock valued at $468,000 after buying an additional 83 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at $1,570,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Monolithic Power Systems by 13.0% during the third quarter. PNC Financial Services Group Inc. now owns 10,139 shares of the semiconductor company’s stock worth $9,374,000 after acquiring an additional 1,167 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MPWR. Needham & Company LLC raised their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Oppenheimer reduced their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, KeyCorp lifted their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $866.17.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Up 1.2 %

Shares of Monolithic Power Systems stock opened at $629.84 on Thursday. The stock’s fifty day simple moving average is $636.54 and its 200 day simple moving average is $710.61. The company has a market capitalization of $30.15 billion, a PE ratio of 17.13, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.99%. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

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.