National Bank of Canada FI Grows Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

National Bank of Canada FI raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 251.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,218 shares of the semiconductor company’s stock after buying an additional 25,927 shares during the quarter. National Bank of Canada FI owned about 0.08% of Monolithic Power Systems worth $21,876,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Arlington Trust Co LLC boosted its position in shares of Monolithic Power Systems by 56.1% during the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 23 shares during the period. Operose Advisors LLC acquired a new stake in Monolithic Power Systems during the 3rd quarter worth approximately $43,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $43,000. Lindbrook Capital LLC grew its stake in Monolithic Power Systems by 137.0% during the 4th quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 63 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in Monolithic Power Systems by 145.8% during the 4th quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MPWR shares. Truist Financial boosted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Oppenheimer raised their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, KeyCorp increased their price target on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $743.78.

Insider Activity

In related news, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the transaction, the director now owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares of the company’s stock, valued at $141,834,400. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the transaction, the director now owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The disclosure for this sale can be found here. Insiders have sold 45,077 shares of company stock worth $30,986,274 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $728.40 on Tuesday. The company has a market cap of $35.44 billion, a P/E ratio of 87.37, a PEG ratio of 3.64 and a beta of 1.22. The firm has a fifty day moving average of $679.01 and a two-hundred day moving average of $619.52. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results 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 business 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 21.01% and a net margin of 22.44%. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given 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 of this dividend was Wednesday, March 27th. This represents a $5.00 annualized dividend and a yield of 0.69%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

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.