Ossiam Has $689,000 Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Ossiam raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,164 shares of the semiconductor company’s stock after acquiring an additional 149 shares during the period. Ossiam’s holdings in Monolithic Power Systems were worth $689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth $493,807,000. Van ECK Associates Corp raised its stake in Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after acquiring an additional 328,203 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Monolithic Power Systems during the fourth quarter worth about $140,795,000. Bank of Nova Scotia lifted its holdings in shares of Monolithic Power Systems by 1,320.0% in the fourth quarter. Bank of Nova Scotia now owns 161,800 shares of the semiconductor company’s stock worth $95,737,000 after acquiring an additional 150,406 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $61,968,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MPWR. Loop Capital upped their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Needham & Company LLC increased their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Citigroup reduced their price objective on Monolithic Power Systems from $800.00 to $615.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $826.17.

Monolithic Power Systems Trading Down 2.9 %

Shares of MPWR opened at $508.19 on Tuesday. The stock has a market capitalization of $24.33 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The firm’s fifty day simple moving average is $588.43 and its two-hundred day simple moving average is $650.59. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data 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 return on equity of 20.36% and a net margin of 80.95%. As a group, research 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $1.56 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.23%. The ex-dividend date was Monday, March 31st. Monolithic Power Systems’s payout ratio is 16.97%.

Insider Activity

In other 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 transaction of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Company insiders own 3.70% of the company’s stock.

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.