Knuff & Co LLC Has $814,000 Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Knuff & Co LLC grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 106.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,376 shares of the semiconductor company’s stock after buying an additional 708 shares during the quarter. Knuff & Co LLC’s holdings in Monolithic Power Systems were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its position in Monolithic Power Systems by 96.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,635 shares of the semiconductor company’s stock worth $967,000 after acquiring an additional 801 shares during the period. PFG Advisors increased its holdings in Monolithic Power Systems by 16.0% during the 4th quarter. PFG Advisors now owns 3,448 shares of the semiconductor company’s stock worth $2,040,000 after acquiring an additional 475 shares during the period. Prosperity Financial Group Inc. bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $517,000. Citizens Financial Group Inc. RI purchased a new position in Monolithic Power Systems in the 4th quarter worth approximately $221,000. Finally, Independent Advisor Alliance grew its stake in Monolithic Power Systems by 131.4% in the 4th quarter. Independent Advisor Alliance now owns 546 shares of the semiconductor company’s stock worth $323,000 after buying an additional 310 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $570.35 on Wednesday. The business has a 50 day simple moving average of $637.14 and a 200-day simple moving average of $722.65. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a market capitalization of $27.30 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS 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%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.09%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Oppenheimer decreased their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. KeyCorp increased their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Citigroup initiated coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, Loop Capital lifted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $866.17.

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.