Heartland Bank & Trust Co Has $984,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Heartland Bank & Trust Co decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,560 shares of the semiconductor company’s stock after selling 97 shares during the quarter. Heartland Bank & Trust Co’s holdings in Monolithic Power Systems were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after purchasing an additional 123,946 shares during the last quarter. FMR LLC increased its holdings in Monolithic Power Systems by 35.0% in the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after purchasing an additional 929,009 shares in the last quarter. State Street Corp boosted its stake in Monolithic Power Systems by 2.3% during the second quarter. State Street Corp now owns 1,853,175 shares of the semiconductor company’s stock worth $1,002,974,000 after acquiring an additional 41,208 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Monolithic Power Systems by 140,338.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock valued at $362,025,000 after buying an additional 1,023,068 shares during the period. Finally, Geode Capital Management LLC grew its stake in Monolithic Power Systems by 1.4% in the first quarter. Geode Capital Management LLC now owns 966,299 shares of the semiconductor company’s stock valued at $482,618,000 after acquiring an additional 13,218 shares during the period. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on MPWR

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $725.76, for a total value of $1,814,400.00. Following the completion of the transaction, the chief financial officer now directly owns 80,723 shares of the company’s stock, valued at approximately $58,585,524.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $725.76, for a total value of $1,814,400.00. Following the transaction, the chief financial officer now directly owns 80,723 shares in the company, valued at approximately $58,585,524.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Saria Tseng sold 25,314 shares of Monolithic Power Systems stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $583.14, for a total value of $14,761,605.96. Following the sale, the vice president now owns 207,570 shares of the company’s stock, valued at approximately $121,042,369.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 161,563 shares of company stock valued at $96,528,749. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Up 1.5 %

Shares of MPWR stock traded up $9.58 during trading on Wednesday, reaching $658.55. 108,355 shares of the company’s stock traded hands, compared to its average volume of 539,412. The firm’s 50-day moving average is $689.54 and its 200 day moving average is $586.28. The company has a market capitalization of $32.05 billion, a P/E ratio of 75.06, a PEG ratio of 3.52 and a beta of 1.24. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last issued 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 analysts’ expectations of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.21 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.00 annualized dividend and a yield of 0.76%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s payout ratio is currently 57.08%.

Monolithic Power Systems Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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