Handelsbanken Fonder AB Raises Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Handelsbanken Fonder AB raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,644 shares of the semiconductor company’s stock after buying an additional 600 shares during the period. Handelsbanken Fonder AB’s holdings in Monolithic Power Systems were worth $5,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arlington Trust Co LLC boosted 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 buying an additional 23 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in Monolithic Power Systems in the 4th quarter valued at approximately $43,000. Operose Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at $43,000. Lindbrook Capital LLC raised its holdings in shares of Monolithic Power Systems by 137.0% in the 4th quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 63 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Monolithic Power Systems by 145.8% in 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. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $660.34 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15. The company has a market capitalization of $32.13 billion, a P/E ratio of 75.38, a PEG ratio of 3.44 and a beta of 1.24. The company’s fifty day moving average is $683.86 and its two-hundred day moving average is $607.16.

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 22.66% and a net margin of 23.47%. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced 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. The ex-dividend date was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a yield of 0.76%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s payout ratio is presently 57.08%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MPWR. Stifel Nicolaus raised 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. Needham & Company LLC raised 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. 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. 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. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $670.30.

Insiders Place Their Bets

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the completion of the transaction, the chief executive officer now owns 921,774 shares in the company, valued at $554,917,165.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the completion of the transaction, the chief executive officer now directly owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,077 shares of company stock worth $30,357,479. Insiders own 3.20% of the company’s stock.

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.