E. Ohman J or Asset Management AB Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

E. Ohman J or Asset Management AB raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,200 shares of the semiconductor company’s stock after buying an additional 200 shares during the period. E. Ohman J or Asset Management AB’s holdings in Monolithic Power Systems were worth $1,302,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MPWR. NBC Securities Inc. increased its holdings in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. West Oak Capital LLC increased its holdings in shares of Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 545 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems during the third quarter valued at about $36,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 41 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 734 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,100 shares of company stock valued at $2,724,231 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MPWR shares. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a report on Monday, November 18th. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Needham & Company LLC cut their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Oppenheimer cut their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, KeyCorp cut their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $820.33.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $653.87 on Thursday. The stock has a market capitalization of $31.90 billion, a price-to-earnings ratio of 73.72, a PEG ratio of 2.44 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The firm’s 50 day simple moving average is $613.54 and its 200-day simple moving average is $756.52.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.76%. Monolithic Power Systems’s payout ratio is 56.37%.

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.