Forsta AP Fonden Purchases 200 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Forsta AP Fonden boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,400 shares of the semiconductor company’s stock after buying an additional 200 shares during the period. Forsta AP Fonden’s holdings in Monolithic Power Systems were worth $6,154,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares during the last quarter. State Street Corp boosted its holdings in Monolithic Power Systems by 2.1% in the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after acquiring an additional 42,678 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after buying an additional 133,838 shares during the period. Van ECK Associates Corp grew its holdings in Monolithic Power Systems by 26.3% during the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after acquiring an additional 93,362 shares during the period. Finally, Barclays PLC grew its stake in Monolithic Power Systems by 5.0% during the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock worth $297,799,000 after purchasing an additional 15,350 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on MPWR. Loop Capital raised shares of 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. KeyCorp cut their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Needham & Company LLC lowered their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a research report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price on the stock. Finally, Oppenheimer reduced their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $820.33.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the sale, the chief financial officer now owns 55,944 shares of the company’s stock, valued at $42,805,551.60. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,100 shares of company stock valued at $2,724,231. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $637.37 on Friday. The firm has a market cap of $31.09 billion, a price-to-earnings ratio of 71.86, a P/E/G ratio of 2.37 and a beta of 1.03. The firm has a fifty day moving average price of $609.43 and a 200 day moving average price of $761.13. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (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 business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

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.