TigerOak Management L.L.C. Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

TigerOak Management L.L.C. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, HoldingsChannel reports. The firm purchased 344 shares of the semiconductor company’s stock, valued at approximately $204,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its holdings in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems during the 3rd quarter worth approximately $36,000. Rakuten Securities Inc. raised its holdings in Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 41 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Finally, Capital Performance Advisors LLP bought a new position in Monolithic Power Systems during the 3rd quarter worth approximately $65,000. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup assumed coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 6th. KeyCorp raised their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock 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 stock a “buy” rating in a research report on Friday, February 7th. Finally, TD Cowen reduced their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Two equities 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.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $866.17.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems 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 directly owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Down 2.2 %

NASDAQ MPWR opened at $684.93 on Friday. The company has a market cap of $33.41 billion, a P/E ratio of 18.63, a PEG ratio of 2.53 and a beta of 1.03. The company has a fifty day simple moving average of $630.25 and a 200 day simple moving average of $750.63. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company 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 dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.91%. This is an increase 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 payout ratio is currently 16.97%.

Monolithic Power Systems 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.