Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 131.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 546 shares of the semiconductor company’s stock after purchasing an additional 310 shares during the quarter. Independent Advisor Alliance’s holdings in Monolithic Power Systems were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Empowered Funds LLC increased its position 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 worth $3,741,000 after buying an additional 909 shares during the period. TrinityPoint Wealth LLC grew its position in shares of Monolithic Power Systems by 3.2% during the third quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company’s stock worth $449,000 after acquiring an additional 15 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of Monolithic Power Systems by 26.5% in the 3rd quarter. Meeder Advisory Services Inc. now owns 701 shares of the semiconductor company’s stock worth $648,000 after acquiring an additional 147 shares during the period. Caprock Group LLC lifted its position in Monolithic Power Systems by 64.3% in the 3rd quarter. Caprock Group LLC now owns 570 shares of the semiconductor company’s stock valued at $528,000 after purchasing an additional 223 shares during the last quarter. Finally, Knuff & Co LLC lifted its position in Monolithic Power Systems by 3.1% in the 3rd quarter. Knuff & Co LLC now owns 668 shares of the semiconductor company’s stock valued at $618,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated Friday, February 7th. The stock was 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 of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup assumed coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. KeyCorp raised their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Oppenheimer reduced their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. 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, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Trading Down 2.9 %

NASDAQ:MPWR opened at $622.29 on Wednesday. The company has a 50-day moving average of $636.37 and a 200-day moving average of $711.18. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.00%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s payout ratio is presently 16.97%.

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.