Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Vantage Investment Partners LLC

Vantage Investment Partners LLC increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,722 shares of the semiconductor company’s stock after buying an additional 1,505 shares during the quarter. Monolithic Power Systems accounts for about 1.8% of Vantage Investment Partners LLC’s portfolio, making the stock its 18th largest position. Vantage Investment Partners LLC owned approximately 0.07% of Monolithic Power Systems worth $20,545,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. NBC Securities Inc. raised its position in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the period. West Oak Capital LLC increased its position in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 545 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Monolithic Power Systems during the 3rd quarter worth about $36,000. Finally, Rakuten Securities Inc. grew its stake in Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 41 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Down 11.4 %

Shares of Monolithic Power Systems stock opened at $600.79 on Tuesday. The firm has a market cap of $29.31 billion, a PE ratio of 67.73, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The business’s fifty day simple moving average is $604.82 and its 200-day simple moving average is $767.95.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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 return on equity of 20.44% and a net margin of 21.29%. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MPWR shares. Wells Fargo & Company assumed coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. Truist Financial reiterated a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Needham & Company LLC dropped their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. TD Cowen dropped their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup initiated coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Two 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 currently has an average rating of “Moderate Buy” and a consensus price target of $828.67.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the sale, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,600 shares of company stock valued at $4,656,631. 3.70% of the stock is currently 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.