Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 198,416 shares of the semiconductor company’s stock after buying an additional 1,300 shares during the quarter. Sei Investments Co. owned approximately 0.41% of Monolithic Power Systems worth $117,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also 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 worth $26,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth about $27,000. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth about $39,000. AlphaQuest LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at approximately $41,000. Finally, Versant Capital Management Inc boosted its holdings in Monolithic Power Systems by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 41 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MPWR. Citigroup began coverage on 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 lowered their price target on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a report on Friday. Needham & Company LLC upped their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $851.58.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $590.98 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The business has a 50 day simple moving average of $636.30 and a 200-day simple moving average of $706.60. The stock has a market capitalization of $28.29 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate 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, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is currently 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.