Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Boosted by XML Financial LLC

XML Financial LLC increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.8% during the fourth quarter, Holdings Channel reports. The fund owned 991 shares of the semiconductor company’s stock after purchasing an additional 36 shares during the quarter. XML Financial LLC’s holdings in Monolithic Power Systems were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Frank Rimerman Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $348,000. 1832 Asset Management L.P. acquired a new position in shares of Monolithic Power Systems during the second quarter worth approximately $4,355,000. EverSource Wealth Advisors LLC grew its holdings in Monolithic Power Systems by 4.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock worth $287,000 after buying an additional 15 shares in the last quarter. Public Sector Pension Investment Board increased its position in Monolithic Power Systems by 76.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,884 shares of the semiconductor company’s stock valued at $1,548,000 after acquiring an additional 818 shares during the period. Finally, Evergreen Capital Management LLC raised its stake in Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 12 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $689.42 on Thursday. The company has a market capitalization of $33.63 billion, a PE ratio of 77.73, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. The stock has a fifty day moving average of $600.27 and a 200-day moving average of $770.84. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s payout ratio is 56.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MPWR shares. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target for the company in a research note on Monday, November 18th. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC dropped their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Truist Financial reiterated a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, KeyCorp dropped their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $828.67.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the sale, the chief financial officer now owns 56,678 shares of the company’s stock, valued at $43,809,826.88. This trade represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,600 shares of company stock valued at $4,656,631 over the last ninety days. Corporate 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.