Segall Bryant & Hamill LLC Has $15.32 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Segall Bryant & Hamill LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 69.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,896 shares of the semiconductor company’s stock after purchasing an additional 10,649 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Monolithic Power Systems were worth $15,323,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the fourth quarter valued at about $27,000. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $39,000. AlphaQuest LLC bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $41,000. Finally, Versant Capital Management Inc raised its position in shares of Monolithic Power Systems by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 41 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were 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 approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of several research analyst reports. Loop Capital boosted their price objective 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. Oppenheimer reissued an “outperform” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Citigroup assumed 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 objective on the stock. Needham & Company LLC increased 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. Finally, Wells Fargo & Company cut their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $851.58.

Monolithic Power Systems Stock Performance

MPWR opened at $632.97 on Wednesday. The business’s 50-day simple moving average is $637.97 and its 200 day simple moving average is $702.87. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The firm has a market capitalization of $30.30 billion, a PE ratio of 17.21, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results 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%. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s payout ratio is currently 16.97%.

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.