Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,845 shares of the semiconductor company’s stock after purchasing an additional 197 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Monolithic Power Systems were worth $7,009,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after buying an additional 24 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the fourth quarter worth $27,000. West Oak Capital LLC raised its position in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 545 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at $39,000. Finally, AlphaQuest LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 8.2 %

NASDAQ MPWR opened at $580.75 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The firm has a 50 day moving average of $579.62 and a two-hundred day moving average of $646.44. The stock has a market capitalization of $27.80 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.56 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.07%. Monolithic Power Systems’s payout ratio is presently 16.97%.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MPWR. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Wells Fargo & Company decreased their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. KeyCorp lifted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Needham & Company LLC increased their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus dropped their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $826.17.

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.