Verdence Capital Advisors LLC Takes $347,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Verdence Capital Advisors LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 586 shares of the semiconductor company’s stock, valued at approximately $347,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aigen Investment Management LP purchased a new stake in Monolithic Power Systems during the 4th quarter valued at approximately $1,915,000. Proficio Capital Partners LLC purchased a new position in Monolithic Power Systems during the fourth quarter valued at $42,401,000. M&T Bank Corp increased its holdings in Monolithic Power Systems by 8.9% in the 4th quarter. M&T Bank Corp now owns 3,121 shares of the semiconductor company’s stock valued at $1,847,000 after acquiring an additional 254 shares during the last quarter. Atria Investments Inc lifted its stake in Monolithic Power Systems by 8.4% in the 4th quarter. Atria Investments Inc now owns 3,215 shares of the semiconductor company’s stock worth $1,902,000 after purchasing an additional 248 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Monolithic Power Systems by 18.6% during the 4th quarter. Assetmark Inc. now owns 20,860 shares of the semiconductor company’s stock valued at $12,343,000 after purchasing an additional 3,274 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 5.5 %

Shares of MPWR opened at $596.79 on Friday. The company’s fifty day simple moving average is $638.01 and its 200-day simple moving average is $730.29. The company has a market cap of $29.11 billion, a P/E ratio of 16.23, a P/E/G 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 posted its quarterly earnings data 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%. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MPWR has been the topic of several research reports. Oppenheimer reduced their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Loop Capital increased their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Citigroup initiated coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Finally, KeyCorp upped their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $866.17.

Monolithic Power Systems Company 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.