Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 654 shares of the semiconductor company’s stock after purchasing an additional 67 shares during the quarter. Financial Advocates Investment Management’s holdings in Monolithic Power Systems were worth $387,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth $92,000. Trilogy Capital Inc. raised its holdings in Monolithic Power Systems by 100.0% during the fourth quarter. Trilogy Capital Inc. now owns 3,528 shares of the semiconductor company’s stock worth $2,088,000 after purchasing an additional 1,764 shares in the last quarter. Nvwm LLC lifted its position in Monolithic Power Systems by 2.0% in the fourth quarter. Nvwm LLC now owns 1,201 shares of the semiconductor company’s stock valued at $711,000 after purchasing an additional 24 shares during the period. Confluence Wealth Services Inc. boosted its holdings in Monolithic Power Systems by 24.0% in the 4th quarter. Confluence Wealth Services Inc. now owns 1,872 shares of the semiconductor company’s stock valued at $1,108,000 after purchasing an additional 362 shares in the last quarter. Finally, Guidance Capital Inc. increased its position in Monolithic Power Systems by 154.7% during the 4th quarter. Guidance Capital Inc. now owns 2,343 shares of the semiconductor company’s stock worth $1,386,000 after purchasing an additional 1,423 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on MPWR. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday. Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer lowered their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Citigroup assumed coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Finally, 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 research report on Friday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $866.17.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. This represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $720.25 on Monday. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The stock has a market cap of $35.13 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. The firm has a 50 day simple moving average of $618.61 and a 200-day simple moving average of $754.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced 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 represents a $6.24 dividend on an annualized basis and a yield of 0.87%. This is a positive change 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 13.60%.

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.