Golden State Wealth Management LLC Acquires Shares of 66 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 66 shares of the semiconductor company’s stock, valued at approximately $39,000.

Several other hedge funds have also added to or reduced their stakes in MPWR. FMR LLC boosted its stake in shares of Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares during the period. Geode Capital Management LLC raised its holdings in Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after acquiring an additional 133,838 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Monolithic Power Systems by 92,842.9% in the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after acquiring an additional 123,481 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in shares of Monolithic Power Systems by 104.4% during 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. Finally, Jennison Associates LLC grew its holdings in shares of Monolithic Power Systems by 14,315.6% during the 3rd quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock worth $94,223,000 after purchasing an additional 101,211 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction that occurred on 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 $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly 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 currently owned by insiders.

Monolithic Power Systems Stock Down 0.9 %

Shares of MPWR opened at $699.03 on Wednesday. The stock has a market cap of $34.10 billion, a PE ratio of 19.01, a PEG ratio of 2.53 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. The business has a 50-day simple moving average of $621.11 and a two-hundred day simple moving average of $753.43.

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

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.89%. 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 payout ratio is 13.60%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. 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 research report on Friday, February 7th. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Oppenheimer decreased 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 note on Friday, January 31st. TD Cowen lowered their price objective 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, Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target 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.