Baird Financial Group Inc. Acquires 17,661 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Baird Financial Group Inc. grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 162,905 shares of the semiconductor company's stock after purchasing an additional 17,661 shares during the period. Baird Financial Group Inc. owned about 0.33% of Monolithic Power Systems worth $96,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its stake in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $27,000. West Oak Capital LLC grew its position in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 545 shares during the period. Itau Unibanco Holding S.A. increased its stake in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Up 2.4 %

Shares of NASDAQ MPWR traded up $14.76 during trading hours on Wednesday, hitting $637.75. The company had a trading volume of 569,443 shares, compared to its average volume of 780,164. The stock has a market capitalization of $30.53 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The firm's 50 day moving average is $570.02 and its 200-day moving average is $626.86.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company's quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 EPS. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $1.56 dividend. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.98%. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Loop Capital increased their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp decreased their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, TD Cowen boosted their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $779.83.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction 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 of the company's stock, 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 SEC, which is available through this hyperlink. Insiders own 3.70% of the company's stock.

About Monolithic Power Systems

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.