Blueshift Asset Management LLC Grows Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Blueshift Asset Management LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 184.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,318 shares of the semiconductor company’s stock after purchasing an additional 854 shares during the period. Blueshift Asset Management LLC’s holdings in Monolithic Power Systems were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Advisory Services Inc. lifted its position in 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 in the last quarter. Caprock Group LLC lifted its position in Monolithic Power Systems by 64.3% during the third quarter. Caprock Group LLC now owns 570 shares of the semiconductor company’s stock valued at $528,000 after purchasing an additional 223 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Monolithic Power Systems by 19.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 506 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 83 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Monolithic Power Systems during the third quarter valued at $1,570,000. Finally, PNC Financial Services Group Inc. lifted its position in 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 valued at $9,374,000 after purchasing an additional 1,167 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MPWR. Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Rosenblatt Securities reissued a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Oppenheimer decreased their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, Loop Capital raised their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently 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 dated 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 transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Up 1.2 %

Shares of MPWR stock opened at $629.84 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The stock’s 50-day moving average price is $636.54 and its 200-day moving average price is $710.61. The stock has a market capitalization of $30.15 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results 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 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 will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.56 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.99%. 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%.

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.