Y Intercept Hong Kong Ltd Makes New $943,000 Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Y Intercept Hong Kong Ltd bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,594 shares of the semiconductor company’s stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MPWR. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Monolithic Power Systems by 2.1% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,898 shares of the semiconductor company’s stock valued at $5,857,000 after acquiring an additional 200 shares during the period. Tradewinds Capital Management LLC grew its stake in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Monolithic Power Systems by 59.9% in the fourth quarter. First Horizon Advisors Inc. now owns 251 shares of the semiconductor company’s stock worth $149,000 after purchasing an additional 94 shares in the last quarter. Olympiad Research LP acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at $214,000. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Monolithic Power Systems by 55.1% during the fourth quarter. Pinnacle Financial Partners Inc now owns 19,100 shares of the semiconductor company’s stock valued at $11,470,000 after purchasing an additional 6,783 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 9.3 %

Shares of NASDAQ MPWR opened at $609.38 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The stock has a market capitalization of $29.73 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 2.60 and a beta of 1.03. The stock’s fifty day simple moving average is $640.19 and its 200 day simple moving average is $743.40.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly 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%. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Citigroup began coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Needham & Company LLC increased their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Oppenheimer lowered their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of the firm’s 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 sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

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.