Westover Capital Advisors LLC Decreases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Westover Capital Advisors LLC lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,634 shares of the semiconductor company’s stock after selling 71 shares during the quarter. Westover Capital Advisors LLC’s holdings in Monolithic Power Systems were worth $1,661,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MPWR. FMR LLC lifted its stake in Monolithic Power Systems by 35.0% in the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after purchasing an additional 929,009 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Monolithic Power Systems by 87.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after purchasing an additional 180,500 shares in the last quarter. Vanguard Group Inc. lifted its stake in Monolithic Power Systems by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after purchasing an additional 123,946 shares in the last quarter. Rokos Capital Management LLP increased its holdings in shares of Monolithic Power Systems by 133.9% in the 3rd quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock worth $93,218,000 after buying an additional 115,250 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Monolithic Power Systems by 38,510.1% in the 4th quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock worth $48,222,000 after buying an additional 76,250 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 9.8 %

Monolithic Power Systems stock traded up $63.83 during midday trading on Thursday, reaching $716.42. The stock had a trading volume of 882,695 shares, compared to its average volume of 541,557. Monolithic Power Systems, Inc. has a 52-week low of $383.19 and a 52-week high of $778.15. The firm has a market cap of $34.87 billion, a price-to-earnings ratio of 80.34, a price-to-earnings-growth ratio of 3.58 and a beta of 1.21. The company has a fifty day moving average of $679.69 and a 200 day moving average of $613.10.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Equities research analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.70%. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.08%.

Insider Transactions at Monolithic Power Systems

In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the transaction, the chief executive officer now directly owns 899,232 shares of the company’s stock, valued at $609,175,726.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the transaction, the chief executive officer now directly owns 899,232 shares of the company’s stock, valued at $609,175,726.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at $89,145,181.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,577 shares of company stock valued at $24,033,249. 3.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday. TD Cowen boosted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, KeyCorp boosted their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $716.90.

Monolithic Power Systems 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.