Jones Financial Companies Lllp Has $739,000 Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Jones Financial Companies Lllp increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 42.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,249 shares of the semiconductor company’s stock after buying an additional 371 shares during the quarter. Jones Financial Companies Lllp’s holdings in Monolithic Power Systems were worth $739,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MPWR. Capital Performance Advisors LLP bought a new stake in Monolithic Power Systems during the 3rd quarter worth approximately $65,000. Assetmark Inc. grew its position in Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after buying an additional 1,082 shares during the period. Lindbrook Capital LLC increased its stake in shares of Monolithic Power Systems by 24.1% during the 3rd quarter. Lindbrook Capital LLC now owns 165 shares of the semiconductor company’s stock worth $153,000 after purchasing an additional 32 shares during the last quarter. Atria Investments Inc raised its stake in shares of Monolithic Power Systems by 11.3% in the third quarter. Atria Investments Inc now owns 2,967 shares of the semiconductor company’s stock valued at $2,743,000 after buying an additional 301 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in Monolithic Power Systems by 2.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,643 shares of the semiconductor company’s stock valued at $3,368,000 after acquiring an additional 80 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. KeyCorp upped their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Oppenheimer reduced their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $596.79 on Monday. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The firm has a 50-day moving average of $638.01 and a 200 day moving average of $727.53. The company has a market cap of $28.57 billion, a P/E ratio of 16.23, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.05%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

About Monolithic Power Systems

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.