587 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 587 shares of the semiconductor company’s stock, valued at approximately $347,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MPWR. NBC Securities Inc. boosted its position 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. Wolff Wiese Magana LLC lifted its stake in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter worth approximately $36,000. Rakuten Securities Inc. grew its position in shares of Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after buying an additional 41 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of several research analyst reports. Needham & Company LLC lifted their price target 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, February 7th. KeyCorp boosted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Wells Fargo & Company raised their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. TD Cowen reduced their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $866.17.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at $32,066,400. This represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $699.03 on Wednesday. The firm has a market cap of $34.10 billion, a PE ratio of 19.01, a P/E/G ratio of 2.53 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a fifty day moving average price of $621.11 and a 200-day moving average price of $753.43.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13 EPS 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. Investors of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is 13.60%.

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.