Curi RMB Capital LLC Acquires 2,461 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Curi RMB Capital LLC lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,183 shares of the semiconductor company’s stock after purchasing an additional 2,461 shares during the period. Curi RMB Capital LLC owned about 0.07% of Monolithic Power Systems worth $20,818,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its position in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management bought a new position in Monolithic Power Systems in the fourth quarter worth approximately $27,000. West Oak Capital LLC increased its holdings in Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 545 shares during the period. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $39,000. Finally, AlphaQuest LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Needham & Company LLC lifted their price objective 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 restated an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. KeyCorp increased their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Stifel Nicolaus cut their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Rosenblatt Securities lowered their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $826.17.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $523.58 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The stock has a market cap of $25.06 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The firm has a fifty day moving average price of $592.25 and a 200 day moving average price of $657.26.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (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%. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 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.