Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 137.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109 shares of the semiconductor company’s stock after acquiring an additional 63 shares during the quarter. Lindbrook Capital LLC’s holdings in Monolithic Power Systems were worth $69,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MPWR. Arlington Trust Co LLC increased its position in Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 23 shares during the period. Operose Advisors LLC bought a new position in Monolithic Power Systems during the 3rd quarter valued at $43,000. Turtle Creek Wealth Advisors LLC bought a new position in Monolithic Power Systems during the 4th quarter valued at $43,000. Private Trust Co. NA boosted its stake 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 valued at $74,000 after purchasing an additional 70 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in Monolithic Power Systems during the 4th quarter valued at $81,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 5.0 %

MPWR opened at $642.21 on Thursday. The business has a fifty day simple moving average of $685.34 and a 200-day simple moving average of $606.79. The firm has a market cap of $31.25 billion, a PE ratio of 73.31, a P/E/G ratio of 3.27 and a beta of 1.24. 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 released 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 during the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio is presently 57.08%.

Insider Activity

In other news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the sale, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now directly owns 130,744 shares in the company, valued at $89,145,181.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Thursday, February 1st. The stock was 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 $51,137,143.68. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock worth $30,357,479 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price target 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. Needham & Company LLC increased their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Oppenheimer increased their price target 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. KeyCorp increased their price target on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, TD Cowen raised their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $670.30.

Monolithic Power Systems 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.