Shaker Investments LLC OH Has $2.89 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Shaker Investments LLC OH boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,886 shares of the semiconductor company’s stock after acquiring an additional 924 shares during the period. Monolithic Power Systems accounts for 1.2% of Shaker Investments LLC OH’s portfolio, making the stock its 28th largest position. Shaker Investments LLC OH’s holdings in Monolithic Power Systems were worth $2,891,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. CWM LLC lifted its stake in Monolithic Power Systems by 37.9% in the third quarter. CWM LLC now owns 2,155 shares of the semiconductor company’s stock valued at $1,992,000 after buying an additional 592 shares during the period. Valeo Financial Advisors LLC grew its stake in Monolithic Power Systems by 12.0% in the third quarter. Valeo Financial Advisors LLC now owns 625 shares of the semiconductor company’s stock valued at $578,000 after acquiring an additional 67 shares during the period. Redhawk Wealth Advisors Inc. increased its holdings in shares of Monolithic Power Systems by 0.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 3,478 shares of the semiconductor company’s stock worth $3,216,000 after acquiring an additional 28 shares in the last quarter. Creative Planning lifted its holdings in shares of Monolithic Power Systems by 25.0% during the 3rd quarter. Creative Planning now owns 7,273 shares of the semiconductor company’s stock valued at $6,724,000 after purchasing an additional 1,455 shares in the last quarter. Finally, NBC Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR opened at $705.36 on Tuesday. The stock has a fifty day moving average of $618.61 and a 200-day moving average of $754.03. The company has a market capitalization of $34.41 billion, a P/E ratio of 19.18, a P/E/G ratio of 2.53 and a beta of 1.03. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is 13.60%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MPWR shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research note on Thursday, February 6th. KeyCorp raised their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen dropped their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC raised 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 note on Friday. Finally, Loop Capital upped their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

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.