Telemus Capital LLC Boosts Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Telemus Capital LLC boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,075 shares of the semiconductor company’s stock after buying an additional 147 shares during the period. Telemus Capital LLC’s holdings in Monolithic Power Systems were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MPWR. FMR LLC raised 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 valued at $1,655,717,000 after buying an additional 929,009 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Monolithic Power Systems by 87.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock valued at $179,036,000 after purchasing an additional 180,500 shares during the period. Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 2.4% during the third 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 period. Rokos Capital Management LLP raised its stake in shares of Monolithic Power Systems by 133.9% during the third quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock valued at $93,218,000 after purchasing an additional 115,250 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Monolithic Power Systems by 38,510.1% during the fourth quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock valued at $48,222,000 after purchasing an additional 76,250 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $600.63 on Tuesday. The company has a market cap of $29.23 billion, a PE ratio of 68.57, a P/E/G ratio of 3.17 and a beta of 1.24. The company has a fifty day moving average price of $689.42 and a two-hundred day moving average price of $605.57. 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 announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The firm had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $1.25 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $5.00 annualized dividend and a dividend yield of 0.83%. Monolithic Power Systems’s payout ratio is 57.08%.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the completion of the transaction, the chief financial officer now owns 84,768 shares of the company’s stock, valued at $51,137,143.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the sale, the insider now 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 this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $603.26, for a total value of $1,508,150.00. Following the transaction, the chief financial officer now directly owns 84,768 shares in the company, valued at approximately $51,137,143.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,077 shares of company stock valued at $30,357,479. 3.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MPWR. Oppenheimer lifted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted 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 lifted their price target 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. TD Cowen lifted their price target 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. Finally, KeyCorp lifted their price target on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.