HB Wealth Management LLC Grows Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

HB Wealth Management LLC grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 783 shares of the semiconductor company’s stock after purchasing an additional 105 shares during the quarter. HB Wealth Management LLC’s holdings in Monolithic Power Systems were worth $494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Achmea Investment Management B.V. purchased a new position in Monolithic Power Systems in the first quarter worth $27,000. Carolinas Wealth Consulting LLC purchased a new position in Monolithic Power Systems in the second quarter worth $35,000. Sunbelt Securities Inc. purchased a new position in Monolithic Power Systems in the first quarter worth $37,000. Operose Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the third quarter valued at $43,000. Finally, KB Financial Partners LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at $58,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MPWR shares. KeyCorp boosted their price objective 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. TD Cowen boosted their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $668.30.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $725.76, for a total transaction of $1,814,400.00. Following the sale, the chief financial officer now directly owns 80,723 shares of the company’s stock, valued at approximately $58,585,524.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Deming Xiao sold 11,515 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $589.35, for a total transaction of $6,786,365.25. Following the completion of the transaction, the insider now directly owns 210,421 shares in the company, valued at $124,011,616.35. The disclosure for this sale can be found here. Insiders have sold a total of 164,063 shares of company stock valued at $98,068,024 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $673.14 on Thursday. The business’s 50-day moving average is $686.54 and its two-hundred day moving average is $580.10. The company has a market capitalization of $32.75 billion, a P/E ratio of 76.84, a P/E/G ratio of 3.53 and a beta of 1.25. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its 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 return on equity of 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million for the quarter, compared to analysts’ expectations of $452.13 million. Analysts forecast that Monolithic Power Systems, Inc. will post 10.21 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $1.25 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is presently 45.66%.

Monolithic Power Systems Company Profile

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.