Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Amundi

Amundi grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.4% during the fourth quarter, Holdings Channel reports. The firm owned 92,188 shares of the semiconductor company’s stock after acquiring an additional 15,591 shares during the period. Amundi’s holdings in Monolithic Power Systems were worth $56,183,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Aptus Capital Advisors LLC increased its holdings in shares of Monolithic Power Systems by 4.8% in the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 14 shares during the period. TrinityPoint Wealth LLC grew its holdings in 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 period. WP Advisors LLC grew its holdings in Monolithic Power Systems by 3.2% during the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after acquiring an additional 16 shares during the period. Allworth Financial LP grew its holdings in Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock worth $92,000 after acquiring an additional 16 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in Monolithic Power Systems by 5.1% during the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 19 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on MPWR. Rosenblatt Securities reaffirmed a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. Needham & Company LLC raised their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Oppenheimer dropped 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. Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, KeyCorp increased their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Insider Activity

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Down 1.9 %

Shares of MPWR stock opened at $570.35 on Wednesday. The company has a market capitalization of $27.30 billion, a P/E ratio of 15.51, a P/E/G ratio of 2.60 and a beta of 1.03. The business’s 50 day moving average is $637.14 and its two-hundred day moving average is $722.65. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, research 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

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.