BankPlus Trust Department Invests $707,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

BankPlus Trust Department acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,195 shares of the semiconductor company’s stock, valued at approximately $707,000.

A number of other institutional investors also recently modified their holdings of MPWR. Tradewinds Capital Management LLC grew its holdings in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares during the period. West Oak Capital LLC grew its stake in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 545 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Finally, Rakuten Securities Inc. raised its stake in Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TD Cowen decreased their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer reduced their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company lifted 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 upped 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 equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Stock Down 4.2 %

MPWR opened at $661.08 on Monday. The firm has a 50-day moving average price of $637.78 and a 200-day moving average price of $746.46. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The company has a market capitalization of $32.25 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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. Investors of record on Monday, March 31st will be issued a dividend of $1.56 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.94%. Monolithic Power Systems’s dividend payout ratio is 13.60%.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 16,015 shares in the company, 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. 3.70% of the stock is owned by corporate insiders.

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.