Van ECK Associates Corp Purchases 21,832 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Van ECK Associates Corp grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,887 shares of the semiconductor company’s stock after acquiring an additional 21,832 shares during the period. Van ECK Associates Corp owned about 0.51% of Monolithic Power Systems worth $155,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MPWR. EWA LLC acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $226,000. Gilbert & Cook Inc. lifted its stake in shares of Monolithic Power Systems by 8.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,608 shares of the semiconductor company’s stock worth $1,014,000 after buying an additional 127 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of Monolithic Power Systems by 3.0% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 760 shares of the semiconductor company’s stock worth $479,000 after buying an additional 22 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Monolithic Power Systems by 17.5% during the 4th quarter. Russell Investments Group Ltd. now owns 26,953 shares of the semiconductor company’s stock worth $17,002,000 after buying an additional 4,018 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Monolithic Power Systems by 2,220.0% during the 4th quarter. Headlands Technologies LLC now owns 1,160 shares of the semiconductor company’s stock worth $732,000 after buying an additional 1,110 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, insider Deming Xiao sold 859 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the transaction, the insider now directly owns 208,580 shares in the company, valued at approximately $141,834,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the transaction, the insider now directly owns 208,580 shares in the company, valued at approximately $141,834,400. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock worth $30,357,479 in the last three months. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock traded down $3.63 on Tuesday, reaching $676.07. 98,244 shares of the stock were exchanged, compared to its average volume of 528,864. The firm’s 50 day moving average is $681.78 and its 200-day moving average is $611.46. Monolithic Power Systems, Inc. has a one year low of $383.19 and a one year high of $778.15. The firm has a market cap of $32.90 billion, a PE ratio of 77.59, a P/E/G ratio of 3.62 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last released 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 company had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.74%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is currently 57.08%.

Analysts Set New Price Targets

Several brokerages have weighed in on MPWR. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. KeyCorp lifted their price objective on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. TD Cowen lifted their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Stifel Nicolaus lifted their price objective 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. Finally, Oppenheimer boosted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $670.30.

About Monolithic Power Systems

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.