OFI Invest Asset Management Buys Shares of 47 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47 shares of the semiconductor company’s stock, valued at approximately $27,000.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $36,000. Tradewinds Capital Management LLC raised its holdings in shares of 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 acquiring an additional 24 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 41 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $39,000. Finally, Versant Capital Management Inc raised its holdings 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 valued at $64,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $570.35 on Wednesday. The firm has a market capitalization of $27.30 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 2.60 and a beta of 1.03. 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 50 day moving average of $637.14 and a 200 day moving average of $722.65.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 20.36% and a net margin of 80.95%. 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. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.09%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’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. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MPWR. Oppenheimer dropped their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Rosenblatt Securities restated a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Loop Capital upped their price target 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. 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. Finally, Citigroup began 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. Two research 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

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.