Linden Thomas Advisory Services LLC Purchases 186 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Linden Thomas Advisory Services LLC lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,997 shares of the semiconductor company’s stock after buying an additional 186 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Monolithic Power Systems were worth $2,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPWR. FMR LLC boosted its holdings in Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Monolithic Power Systems by 311.8% in the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after buying an additional 141,277 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after buying an additional 133,838 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Monolithic Power Systems by 92,842.9% during the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after buying an additional 123,481 shares during the last quarter. Finally, Whale Rock Capital Management LLC increased its position in shares of Monolithic Power Systems by 104.4% in the 3rd quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock valued at $185,353,000 after acquiring an additional 102,380 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 2.9 %

Monolithic Power Systems stock opened at $678.43 on Friday. The company has a 50-day moving average price of $604.82 and a 200 day moving average price of $769.14. The stock has a market cap of $33.09 billion, a P/E ratio of 76.49, a PEG ratio of 2.64 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.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MPWR shares. Needham & Company LLC lowered their price target 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. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a research report on Monday, November 18th. Truist Financial reaffirmed a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Citigroup assumed coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus price target of $828.67.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the sale, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,600 shares of company stock worth $4,656,631. Company insiders own 3.70% 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.