Aigen Investment Management LP Purchases Shares of 3,237 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Aigen Investment Management LP acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,237 shares of the semiconductor company’s stock, valued at approximately $1,915,000.

Other large investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC lifted its position in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. West Oak Capital LLC boosted its stake in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after buying an additional 545 shares during the period. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems during the third quarter valued at $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $39,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 410.0% in the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 41 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MPWR shares. Citigroup assumed coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Oppenheimer decreased their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Rosenblatt Securities reiterated a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Finally, Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $866.17.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $588.15 on Wednesday. The company has a 50 day moving average price of $639.56 and a 200-day moving average price of $734.54. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The stock has a market capitalization of $28.69 billion, a PE ratio of 16.00, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results 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 net margin of 80.95% and a return on equity of 20.36%. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. 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 dividend yield of 1.06%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’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 directly owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This trade 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 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.