Norges Bank Takes Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Norges Bank bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 834,557 shares of the semiconductor company’s stock, valued at approximately $493,807,000.

A number of other institutional investors have also modified their holdings of MPWR. Cerity Partners LLC raised its holdings in shares of Monolithic Power Systems by 47.9% in the third quarter. Cerity Partners LLC now owns 4,551 shares of the semiconductor company’s stock valued at $4,207,000 after buying an additional 1,474 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Monolithic Power Systems by 277.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 506 shares of the semiconductor company’s stock valued at $468,000 after acquiring an additional 372 shares during the last quarter. Private Trust Co. NA lifted its position in Monolithic Power Systems by 12.2% during the 3rd quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock worth $188,000 after acquiring an additional 22 shares during the period. D.A. Davidson & CO. grew its stake in shares of Monolithic Power Systems by 5.1% in the 3rd quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 19 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in shares of Monolithic Power Systems in the third quarter valued at approximately $429,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 3.6 %

NASDAQ:MPWR opened at $579.89 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The stock has a fifty day simple moving average of $637.11 and a 200-day simple moving average of $699.67. The company has a market capitalization of $27.76 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Analyst Ratings Changes

A number of research firms recently weighed in on MPWR. Loop Capital lifted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Citigroup started coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Needham & Company LLC raised 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. Rosenblatt Securities dropped their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Finally, KeyCorp raised their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems 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.