Victory Capital Management Inc. Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Victory Capital Management Inc. raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 36.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,927 shares of the semiconductor company’s stock after buying an additional 36,934 shares during the quarter. Victory Capital Management Inc.’s holdings in Monolithic Power Systems were worth $81,020,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Keybank National Association OH lifted its position in shares of Monolithic Power Systems by 1.2% during the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock valued at $1,079,000 after buying an additional 22 shares during the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Monolithic Power Systems by 0.5% during the fourth quarter. Bahl & Gaynor Inc. now owns 5,132 shares of the semiconductor company’s stock valued at $3,037,000 after buying an additional 28 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Monolithic Power Systems by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,823 shares of the semiconductor company’s stock valued at $192,789,000 after buying an additional 11,559 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Monolithic Power Systems by 15.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,974 shares of the semiconductor company’s stock valued at $2,943,000 after acquiring an additional 676 shares in the last quarter. Finally, Plato Investment Management Ltd increased its holdings in shares of Monolithic Power Systems by 257.4% during the fourth quarter. Plato Investment Management Ltd now owns 3,785 shares of the semiconductor company’s stock valued at $2,248,000 after acquiring an additional 2,726 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MPWR shares. KeyCorp upped their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Rosenblatt Securities restated a “neutral” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. 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. Finally, Wells Fargo & Company upped their price objective on shares of 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 issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $866.17.

Monolithic Power Systems Trading Down 7.6 %

Shares of NASDAQ:MPWR opened at $565.70 on Friday. The company has a market cap of $27.59 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The company’s 50 day moving average is $638.32 and its 200 day moving average is $732.51.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 return on equity of 20.36% and a net margin of 80.95%. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a boost 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 dividend yield of 1.10%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 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.