Envestnet Portfolio Solutions Inc. Raises Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Envestnet Portfolio Solutions Inc. increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,298 shares of the semiconductor company’s stock after purchasing an additional 1,565 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Monolithic Power Systems were worth $4,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares during the period. Van ECK Associates Corp increased its position in shares of Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after acquiring an additional 328,203 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at about $140,795,000. Geode Capital Management LLC increased its position in shares of Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after acquiring an additional 133,838 shares during the period. Finally, Whale Rock Capital Management LLC increased its position in shares of Monolithic Power Systems by 104.4% in the third quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock valued at $185,353,000 after acquiring an additional 102,380 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $622.29 on Wednesday. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company’s 50-day simple moving average is $636.37 and its 200 day simple moving average is $711.18. The firm has a market capitalization of $29.79 billion, a P/E ratio of 16.92, a PEG 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%. On average, equities research 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Insider Transactions at Monolithic Power Systems

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 shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares in the company, 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 filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MPWR. Loop Capital boosted 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. Oppenheimer reduced their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $880.00 price target on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $866.17.

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.