Great Lakes Retirement Inc. Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Great Lakes Retirement Inc. acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 374 shares of the semiconductor company’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its position in Monolithic Power Systems by 12.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock worth $115,000 after buying an additional 20 shares during the period. Heartland Bank & Trust Co lifted its holdings in shares of Monolithic Power Systems by 1.3% during the 3rd quarter. Heartland Bank & Trust Co now owns 1,657 shares of the semiconductor company’s stock worth $766,000 after acquiring an additional 21 shares during the period. Polen Capital Management LLC increased its position in Monolithic Power Systems by 1.0% during the third quarter. Polen Capital Management LLC now owns 2,489 shares of the semiconductor company’s stock worth $1,150,000 after purchasing an additional 25 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Monolithic Power Systems by 0.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 5,010 shares of the semiconductor company’s stock worth $2,508,000 after purchasing an additional 27 shares during the period. Finally, Merlin Capital Inc boosted its holdings in shares of Monolithic Power Systems by 2.6% in the 3rd quarter. Merlin Capital Inc now owns 1,240 shares of the semiconductor company’s stock valued at $573,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $677.42 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15. The company has a market capitalization of $32.96 billion, a PE ratio of 77.33, a P/E/G ratio of 3.55 and a beta of 1.25. The business has a 50-day moving average of $687.87 and a 200-day moving average of $580.77.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). The business had revenue of $454.01 million for the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 10.21 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 Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a dividend of $1.25 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several research reports. Oppenheimer increased their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Needham & Company LLC boosted their target price on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. TD Cowen raised their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, KeyCorp increased their price objective on shares of Monolithic Power Systems from $600.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $668.30.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $725.76, for a total transaction of $1,814,400.00. Following the transaction, the chief financial officer now owns 80,723 shares of the company’s stock, valued at $58,585,524.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the transaction, the director now directly owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $725.76, for a total transaction of $1,814,400.00. Following the sale, the chief financial officer now owns 80,723 shares in the company, valued at approximately $58,585,524.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,063 shares of company stock valued at $98,068,024. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Company 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.