Hennion & Walsh Asset Management Inc. Boosts Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Hennion & Walsh Asset Management Inc. lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,785 shares of the semiconductor company’s stock after buying an additional 135 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Monolithic Power Systems were worth $1,648,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Assetmark Inc. grew its position in Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after buying an additional 1,082 shares in the last quarter. EULAV Asset Management grew its holdings in shares of Monolithic Power Systems by 8.6% during the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after purchasing an additional 8,600 shares in the last quarter. Paragon Advisors LLC increased its position in shares of Monolithic Power Systems by 140.6% in the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after purchasing an additional 2,997 shares during the last quarter. Empowered Funds LLC raised its stake in Monolithic Power Systems by 29.0% in the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after purchasing an additional 909 shares in the last quarter. Finally, FMR LLC lifted its position in Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after purchasing an additional 361,416 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,600 shares of company stock valued at $4,656,631. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MPWR shares. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. 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 research note on Monday, November 18th. Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price objective for the company. Finally, Citigroup began coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $828.67.

Monolithic Power Systems Stock Up 4.9 %

Shares of Monolithic Power Systems stock opened at $625.82 on Friday. The company has a market cap of $30.53 billion, a PE ratio of 70.55, a P/E/G ratio of 2.26 and a beta of 1.03. The business has a 50 day moving average of $599.06 and a 200 day moving average of $774.80. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. On average, research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.80%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

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.