Vest Financial LLC Acquires Shares of 345 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vest Financial LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 345 shares of the semiconductor company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. boosted its stake 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 worth $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC raised its stake 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 in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $36,000. Rakuten Securities Inc. boosted its position in Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 41 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems during the fourth quarter valued at approximately $39,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 9.0 %

MPWR stock opened at $720.25 on Monday. The stock has a 50-day moving average price of $618.61 and a two-hundred day moving average price of $754.03. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a market cap of $35.13 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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%. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s payout ratio is presently 13.60%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC raised their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday. Oppenheimer lowered their price objective 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. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $866.17.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Monday, December 9th. The shares were 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 directly owns 53,444 shares in the company, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.