Cibc World Markets Corp Raises Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cibc World Markets Corp boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,716 shares of the semiconductor company’s stock after purchasing an additional 1,079 shares during the quarter. Cibc World Markets Corp’s holdings in Monolithic Power Systems were worth $4,566,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares during the last quarter. State Street Corp increased its holdings in shares of Monolithic Power Systems by 2.1% in the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after acquiring an additional 42,678 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after acquiring an additional 133,838 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after acquiring an additional 328,203 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Monolithic Power Systems by 11.6% in the 4th quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company’s stock valued at $207,049,000 after acquiring an additional 36,323 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MPWR shares. KeyCorp increased their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Oppenheimer dropped their price objective 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. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. Needham & Company LLC upped their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $866.17.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Up 1.2 %

Monolithic Power Systems stock opened at $629.84 on Thursday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock has a 50 day moving average of $636.54 and a two-hundred day moving average of $710.61. The stock has a market capitalization of $30.15 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.60 and a beta of 1.03.

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%. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio 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.