Forsta AP Fonden Has $6.15 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Forsta AP Fonden grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,400 shares of the semiconductor company’s stock after purchasing an additional 200 shares during the quarter. Forsta AP Fonden’s holdings in Monolithic Power Systems were worth $6,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. NBC Securities Inc. increased its holdings in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after buying an additional 26 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of Monolithic Power Systems by 3,400.0% in the 3rd 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 during the period. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems during the 3rd quarter worth about $36,000. Rakuten Securities Inc. raised its holdings in shares of Monolithic Power Systems by 410.0% in the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 41 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at about $65,000. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent analyst reports. KeyCorp lowered their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a research note on Monday, November 18th. Needham & Company LLC reduced their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Oppenheimer dropped their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price for the company. Two research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $820.33.

Monolithic Power Systems Trading Up 0.1 %

NASDAQ MPWR opened at $637.37 on Friday. The company has a market cap of $31.09 billion, a price-to-earnings ratio of 71.86, a PEG ratio of 2.37 and a beta of 1.03. The company has a 50 day moving average of $609.43 and a 200-day moving average of $761.13. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64.

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

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.78%. Monolithic Power Systems’s dividend payout ratio is 56.37%.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $561,620.10. Following the completion of the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. The trade was 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 worth $2,724,231 over the last ninety days. Corporate 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.