Greenleaf Trust Has $604,000 Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Greenleaf Trust lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 957 shares of the semiconductor company’s stock after purchasing an additional 21 shares during the period. Greenleaf Trust’s holdings in Monolithic Power Systems were worth $604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Arlington Trust Co LLC raised its position in Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 23 shares during the period. Operose Advisors LLC acquired a new position in Monolithic Power Systems during the third quarter valued at $43,000. Turtle Creek Wealth Advisors LLC acquired a new position in Monolithic Power Systems during the fourth quarter valued at $43,000. Private Trust Co. NA raised its position in Monolithic Power Systems by 145.8% during the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 70 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in Monolithic Power Systems during the fourth quarter valued at $81,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the completion of the sale, the chief financial officer now owns 84,768 shares in the company, valued at approximately $51,137,143.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Deming Xiao sold 859 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares in the company, valued at approximately $141,834,400. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 84,768 shares of the company’s stock, valued at approximately $51,137,143.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,077 shares of company stock worth $30,357,479. 3.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on MPWR shares. Rosenblatt Securities upped their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Oppenheimer boosted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen boosted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. KeyCorp boosted their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus boosted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $670.30.

Monolithic Power Systems Stock Performance

MPWR opened at $600.63 on Tuesday. The company has a market cap of $29.23 billion, a PE ratio of 68.57, a price-to-earnings-growth ratio of 3.17 and a beta of 1.24. The stock has a 50-day moving average of $689.42 and a 200-day moving average of $605.57. Monolithic Power Systems, Inc. has a 52-week low of $383.19 and a 52-week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last released 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). The company had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. On average, research 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. Stockholders of record on Friday, March 29th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio is 57.08%.

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.