Commonwealth Equity Services LLC Has $7.67 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Commonwealth Equity Services LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 191.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,970 shares of the semiconductor company’s stock after buying an additional 8,516 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Monolithic Power Systems were worth $7,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. FMR LLC grew its holdings in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after purchasing an additional 361,416 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Monolithic Power Systems by 73.3% during the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after purchasing an additional 328,203 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth $140,795,000. Geode Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after purchasing an additional 133,838 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 104.4% during the 3rd quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock worth $185,353,000 after purchasing an additional 102,380 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on MPWR. Loop Capital increased their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Citigroup initiated coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. KeyCorp raised their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer reduced their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Trading Down 3.3 %

Monolithic Power Systems stock opened at $609.02 on Friday. The company has a market capitalization of $29.15 billion, a PE ratio of 16.56, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a 50-day moving average price of $636.31 and a two-hundred day moving average price of $709.91.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results 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 net margin of 80.95% and a return on equity of 20.36%. As a group, analysts predict 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. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.02%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.