XML Financial LLC Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

XML Financial LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 991 shares of the semiconductor company’s stock after purchasing an additional 36 shares during the quarter. XML Financial LLC’s holdings in Monolithic Power Systems were worth $586,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC purchased a new position in Monolithic Power Systems in the second quarter valued at approximately $348,000. 1832 Asset Management L.P. acquired a new stake in shares of Monolithic Power Systems in the second quarter worth $4,355,000. EverSource Wealth Advisors LLC increased its position in shares of Monolithic Power Systems by 4.7% in the second quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 15 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Monolithic Power Systems by 76.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,884 shares of the semiconductor company’s stock valued at $1,548,000 after acquiring an additional 818 shares during the period. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 12 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

MPWR opened at $689.42 on Thursday. The stock has a market capitalization of $33.63 billion, a PE ratio of 77.73, a P/E/G ratio of 2.40 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The firm’s fifty day moving average price is $600.27 and its 200 day moving average price is $770.84.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Finally, KeyCorp reduced their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $828.67.

Insider Buying and Selling

In related news, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the transaction, the chief financial officer now directly owns 56,678 shares in the company, valued at $43,809,826.88. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,600 shares of company stock worth $4,656,631 over the last ninety days. 3.70% of the stock is owned by insiders.

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.