Nvwm LLC Buys 24 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Nvwm LLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,201 shares of the semiconductor company’s stock after buying an additional 24 shares during the period. Nvwm LLC’s holdings in Monolithic Power Systems were worth $711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its holdings in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares during the period. State Street Corp boosted its position in shares of Monolithic Power Systems by 2.1% during 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 purchasing an additional 42,678 shares in the last quarter. Geode Capital Management LLC grew its stake in Monolithic Power Systems by 11.2% in 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 purchasing an additional 133,838 shares during the period. Van ECK Associates Corp raised its holdings in Monolithic Power Systems by 26.3% in the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after purchasing an additional 93,362 shares in the last quarter. Finally, Barclays PLC lifted its position in Monolithic Power Systems by 5.0% during the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock valued at $297,799,000 after buying an additional 15,350 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,100 shares of company stock worth $2,724,231 over the last three months. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

MPWR stock opened at $656.29 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The stock has a market capitalization of $32.01 billion, a P/E ratio of 73.99, a P/E/G ratio of 2.44 and a beta of 1.03. The business has a fifty day moving average price of $611.67 and a 200-day moving average price of $757.24.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s payout ratio is presently 56.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MPWR. Needham & Company LLC reduced their target price 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. Oppenheimer decreased their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Citigroup assumed coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price for the company. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a research note on Monday, November 18th. Finally, Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $820.33.

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.