Prosperity Financial Group Inc. Buys New Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Prosperity Financial Group Inc. bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 874 shares of the semiconductor company’s stock, valued at approximately $517,000.

Several other institutional investors also recently bought and sold shares of MPWR. Citizens Financial Group Inc. RI bought a new position in Monolithic Power Systems during the fourth quarter valued at $221,000. Independent Advisor Alliance lifted its position in Monolithic Power Systems by 131.4% during the fourth quarter. Independent Advisor Alliance now owns 546 shares of the semiconductor company’s stock valued at $323,000 after purchasing an additional 310 shares during the last quarter. Moran Wealth Management LLC lifted its position in Monolithic Power Systems by 3.5% during the fourth quarter. Moran Wealth Management LLC now owns 15,679 shares of the semiconductor company’s stock valued at $9,277,000 after purchasing an additional 529 shares during the last quarter. AlphaQuest LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at $41,000. Finally, OFI Invest Asset Management bought a new position in Monolithic Power Systems during the fourth quarter valued at $27,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the subject of several research reports. Oppenheimer lowered their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Loop Capital raised their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $866.17.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $570.35 on Wednesday. The company has a market capitalization of $27.30 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The company’s 50-day simple moving average is $637.14 and its two-hundred day simple moving average is $722.65. 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 posted its earnings results 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%. Equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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. Shareholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.09%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Insider Buying and Selling at Monolithic Power Systems

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

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.