Yousif Capital Management LLC Acquires 346 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Yousif Capital Management LLC boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,776 shares of the semiconductor company’s stock after buying an additional 346 shares during the period. Yousif Capital Management LLC’s holdings in Monolithic Power Systems were worth $5,536,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Huntington National Bank increased its holdings in Monolithic Power Systems by 5.6% during the 3rd quarter. Huntington National Bank now owns 657 shares of the semiconductor company’s stock valued at $304,000 after purchasing an additional 35 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Monolithic Power Systems by 8.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company’s stock worth $90,913,000 after purchasing an additional 15,609 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Monolithic Power Systems by 36.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock worth $21,945,000 after purchasing an additional 12,600 shares in the last quarter. Czech National Bank boosted its position in shares of Monolithic Power Systems by 0.5% in the 4th quarter. Czech National Bank now owns 8,391 shares of the semiconductor company’s stock worth $5,293,000 after purchasing an additional 41 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Monolithic Power Systems by 19.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock worth $290,844,000 after purchasing an additional 73,564 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MPWR shares. TD Cowen upped their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Needham & Company LLC increased their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Oppenheimer increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, KeyCorp increased their price target on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $670.30.

Monolithic Power Systems Trading Up 2.8 %

Shares of NASDAQ:MPWR opened at $660.34 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The company has a 50-day moving average price of $683.86 and a 200 day moving average price of $607.16. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 75.38, a PEG ratio of 3.44 and a beta of 1.24.

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

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 annualized dividend and a yield of 0.76%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.08%.

Insider Transactions at Monolithic Power Systems

In related news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, February 1st. The shares were 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 directly owns 921,774 shares of the company’s stock, valued at $554,917,165.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00. Following the transaction, the chief executive officer now directly owns 921,774 shares of the company’s stock, valued at $554,917,165.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the sale, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,077 shares of company stock valued at $30,357,479. 3.20% of the stock is currently owned by company insiders.

About Monolithic Power Systems

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.