Thrivent Financial for Lutherans Raises Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Thrivent Financial for Lutherans grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,976 shares of the semiconductor company’s stock after purchasing an additional 2,952 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Monolithic Power Systems worth $21,323,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its position in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $27,000. Golden State Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $39,000. AlphaQuest LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $41,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Monolithic Power Systems by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MPWR shares. KeyCorp increased their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Finally, Oppenheimer lowered their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $609.02 on Friday. The firm has a market cap of $29.15 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The firm’s 50 day simple moving average is $636.31 and its 200-day simple moving average is $709.91. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS 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 research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business 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 dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. 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 1.02%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Insider Transactions at Monolithic Power Systems

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 shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following 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 trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

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.