927 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 927 shares of the semiconductor company’s stock, valued at approximately $549,000.

Several other large investors have also bought and sold shares of MPWR. Tradewinds Capital Management LLC raised its position in Monolithic Power Systems by 120.0% during the 4th 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 last quarter. 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 stake 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 valued at $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $39,000. Finally, AlphaQuest LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction 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 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 is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 0.8 %

Monolithic Power Systems stock opened at $632.97 on Wednesday. The firm has a market cap of $30.30 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.60 and a beta of 1.03. The business has a fifty day moving average of $637.97 and a two-hundred day moving average of $702.87. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 return on equity of 20.36% and a net margin of 80.95%. Equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Rosenblatt Securities dropped their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Loop Capital raised their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. KeyCorp increased their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Oppenheimer reissued an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price for the company. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $851.58.

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.