Alberta Investment Management Corp Has $590,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Alberta Investment Management Corp increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 36.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 997 shares of the semiconductor company’s stock after acquiring an additional 264 shares during the period. Alberta Investment Management Corp’s holdings in Monolithic Power Systems were worth $590,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Monolithic Power Systems during the third quarter valued at approximately $36,000. Rakuten Securities Inc. grew its stake in shares of Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 41 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $39,000. Capital Performance Advisors LLP acquired a new stake in shares of Monolithic Power Systems in the third quarter worth $65,000. Finally, Versant Capital Management Inc grew its stake in shares of Monolithic Power Systems by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $661.08 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The firm has a market cap of $32.25 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The business has a fifty day moving average of $637.78 and a 200-day moving average of $746.53.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.94%. Monolithic Power Systems’s dividend payout ratio (DPR) is 13.60%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MPWR. Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. TD Cowen reduced their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Rosenblatt Securities reissued a “neutral” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Oppenheimer cut their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate 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.