Monolithic Power Systems, Inc. (NASDAQ:MPWR) Holdings Raised by KBC Group NV

KBC Group NV boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,168 shares of the semiconductor company’s stock after acquiring an additional 342 shares during the quarter. KBC Group NV’s holdings in Monolithic Power Systems were worth $13,709,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC increased its position in shares of Monolithic Power Systems by 11.4% during the 3rd 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 period. Geode Capital Management LLC boosted its stake in Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after buying an additional 133,838 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Monolithic Power Systems by 92,842.9% during the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock worth $114,281,000 after acquiring an additional 123,481 shares during the period. Whale Rock Capital Management LLC raised its position in Monolithic Power Systems by 104.4% in the third quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock worth $185,353,000 after acquiring an additional 102,380 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Monolithic Power Systems by 14,315.6% during the 3rd quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock valued at $94,223,000 after purchasing an additional 101,211 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the sale, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. This represents a 4.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. This 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. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on MPWR shares. KeyCorp dropped their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. 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 report on Wednesday, October 2nd. Citigroup started coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. 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 research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $828.67.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $618.76 on Thursday. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The company has a market capitalization of $30.18 billion, a PE ratio of 69.76, a PEG ratio of 2.64 and a beta of 1.03. The company’s 50 day moving average price is $606.88 and its 200 day moving average price is $763.63.

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

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend yield of 0.81%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

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.