Graypoint LLC Buys New Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Graypoint LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 341 shares of the semiconductor company’s stock, valued at approximately $215,000.

Several other institutional investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV grew its stake in shares of Monolithic Power Systems by 12.3% in the 4th 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 in the last quarter. Heartland Bank & Trust Co grew its stake in shares of Monolithic Power Systems by 1.3% in the 3rd quarter. Heartland Bank & Trust Co now owns 1,657 shares of the semiconductor company’s stock worth $766,000 after buying an additional 21 shares in the last quarter. Arlington Trust Co LLC grew its stake in shares of Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after buying an additional 23 shares in the last quarter. Polen Capital Management LLC grew its stake in shares of Monolithic Power Systems by 1.0% in the 3rd quarter. Polen Capital Management LLC now owns 2,489 shares of the semiconductor company’s stock worth $1,150,000 after buying an additional 25 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Monolithic Power Systems by 4.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 613 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 26 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MPWR has been the subject of a number of recent analyst reports. KeyCorp lifted their price target on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Rosenblatt Securities lifted their price target on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Oppenheimer lifted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. TD Cowen lifted their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $670.30.

Insider Buying and Selling

In related news, insider Deming Xiao sold 859 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the transaction, the insider now owns 208,580 shares in the company, valued at approximately $141,834,400. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Deming Xiao sold 859 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the transaction, the insider now owns 208,580 shares in the company, valued at approximately $141,834,400. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the transaction, the chief executive officer now owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock worth $30,357,479 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $646.63 on Tuesday. Monolithic Power Systems, Inc. has a one year low of $383.19 and a one year high of $778.15. The firm has a market cap of $31.47 billion, a P/E ratio of 73.82, a P/E/G ratio of 3.52 and a beta of 1.24. The firm has a 50-day simple moving average of $697.25 and a 200-day simple moving average of $599.75.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The business had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. On average, research analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s payout ratio is 57.08%.

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.