Values First Advisors Inc. Acquires 63 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Values First Advisors Inc. boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,664 shares of the semiconductor company’s stock after acquiring an additional 63 shares during the period. Monolithic Power Systems accounts for about 1.8% of Values First Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Values First Advisors Inc.’s holdings in Monolithic Power Systems were worth $2,942,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. MJP Associates Inc. ADV boosted its stake in shares of Monolithic Power Systems by 9.0% during the 4th quarter. MJP Associates Inc. ADV now owns 677 shares of the semiconductor company’s stock worth $427,000 after purchasing an additional 56 shares during the last quarter. Great Lakes Retirement Inc. acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $236,000. Artemis Investment Management LLP acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $503,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Monolithic Power Systems by 2.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,045 shares of the semiconductor company’s stock worth $10,121,000 after purchasing an additional 322 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $104,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $615.71, for a total transaction of $1,539,275.00. Following the completion of the sale, the chief financial officer now owns 114,881 shares of the company’s stock, valued at $70,733,380.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $615.71, for a total transaction of $1,539,275.00. Following the completion of the sale, the chief financial officer now owns 114,881 shares of the company’s stock, valued at $70,733,380.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Hsing sold 58,654 shares of Monolithic Power Systems stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $583.14, for a total transaction of $34,203,493.56. Following the completion of the transaction, the chief executive officer now directly owns 937,772 shares of the company’s stock, valued at approximately $546,852,364.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,063 shares of company stock valued at $98,068,024. 3.20% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 0.6 %

Shares of MPWR traded up $4.28 during mid-day trading on Friday, reaching $677.42. 353,649 shares of the stock traded hands, compared to its average volume of 597,602. The firm has a market cap of $32.96 billion, a price-to-earnings ratio of 77.33, a P/E/G ratio of 3.55 and a beta of 1.25. The stock has a fifty day simple moving average of $687.87 and a 200 day simple moving average of $580.77. Monolithic Power Systems, Inc. has a 12-month low of $383.19 and a 12-month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.21 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MPWR shares. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. TD Cowen raised their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Finally, KeyCorp raised their target price on shares of Monolithic Power Systems from $600.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $668.30.

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.