Cynosure Group LLC Has $2.03 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cynosure Group LLC raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 628.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,432 shares of the semiconductor company’s stock after acquiring an additional 2,961 shares during the quarter. Cynosure Group LLC’s holdings in Monolithic Power Systems were worth $2,031,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MPWR. Tradewinds Capital Management LLC raised its holdings in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $27,000. West Oak Capital LLC raised its stake in shares of Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $41,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MPWR. Oppenheimer reaffirmed an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Citigroup initiated coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Loop Capital upped their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. KeyCorp lifted 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, Rosenblatt Securities cut their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction 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. This represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 0.3 %

Shares of MPWR stock opened at $581.48 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The company has a market cap of $27.83 billion, a P/E ratio of 15.81, a P/E/G ratio of 2.60 and a beta of 1.03. The business has a fifty day simple moving average of $635.06 and a 200 day simple moving average of $692.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its 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 return on equity of 20.36% and a net margin of 80.95%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is 16.97%.

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.