West Oak Capital LLC Buys 545 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

West Oak Capital LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 990.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 600 shares of the semiconductor company’s stock after buying an additional 545 shares during the period. West Oak Capital LLC’s holdings in Monolithic Power Systems were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. NBC Securities Inc. increased its position in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth $36,000. Ashton Thomas Securities LLC bought a new stake in shares of Monolithic Power Systems in the 3rd quarter worth $36,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Monolithic Power Systems by 410.0% in the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $591.23 on Friday. The company has a market capitalization of $28.84 billion, a PE ratio of 66.66, a price-to-earnings-growth ratio of 2.90 and a beta of 1.03. The business’s fifty day moving average is $619.41 and its 200 day moving average is $784.16. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.85%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Analysts Set New Price Targets

A number of analysts have commented on MPWR shares. Oppenheimer reissued an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. KeyCorp reduced their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Truist Financial reissued a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a report on Monday, November 18th. Finally, Wells Fargo & Company assumed coverage on Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price for the company. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $828.67.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00. Following the sale, the chief financial officer now directly owns 56,678 shares in the company, valued at approximately $43,809,826.88. This represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,600 shares of company stock worth $4,656,631. Corporate insiders own 3.70% of the company’s stock.

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.