Level Four Advisory Services LLC Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Level Four Advisory Services LLC grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,509 shares of the semiconductor company’s stock after buying an additional 646 shares during the period. Level Four Advisory Services LLC’s holdings in Monolithic Power Systems were worth $5,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Monolithic Power Systems during the fourth quarter worth about $493,807,000. Blair William & Co. IL boosted its holdings in Monolithic Power Systems by 18.3% in the 4th quarter. Blair William & Co. IL now owns 11,358 shares of the semiconductor company’s stock worth $6,721,000 after buying an additional 1,759 shares during the period. UniSuper Management Pty Ltd boosted its holdings in Monolithic Power Systems by 17.8% in the 4th quarter. UniSuper Management Pty Ltd now owns 10,842 shares of the semiconductor company’s stock worth $6,415,000 after buying an additional 1,637 shares during the period. WINTON GROUP Ltd grew its stake in Monolithic Power Systems by 187.8% in the 4th quarter. WINTON GROUP Ltd now owns 1,845 shares of the semiconductor company’s stock valued at $1,092,000 after buying an additional 1,204 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in Monolithic Power Systems by 39.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 358,777 shares of the semiconductor company’s stock valued at $212,288,000 after acquiring an additional 101,156 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $579.89 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a fifty day moving average of $637.11 and a 200-day moving average of $699.67. The company has a market capitalization of $27.76 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.60 and a beta of 1.03.

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

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the subject of several recent research reports. Citigroup initiated coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Loop Capital raised their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Needham & Company LLC upped their target price on shares of 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 shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $851.58.

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.