1,006 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by CFC Planning Co LLC

Key Points

• CFC Planning Co LLC opened a new position in Monolithic Power Systems (NASDAQ:MPWR), buying 1,006 shares in Q4 valued at roughly $912,000.
• Several analysts have raised price targets and ratings—Monolithic Power Systems holds a consensus “Moderate Buy” with a consensus price target of $1,260.08 (twelve Buy ratings vs. three Hold ratings).
• Operationally, MPS beat Q4 estimates with $4.79 EPS and $751.2M revenue (+20.8% YoY), and increased its quarterly dividend to $2.00, but insiders have sold ~137,683 shares (~$158.1M) over the past three months, including a large CFO sale.

CFC Planning Co LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,006 shares of the semiconductor company's stock, valued at approximately $912,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock worth $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. State Street Corp raised its holdings in Monolithic Power Systems by 0.7% during the third quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company's stock worth $1,968,578,000 after purchasing an additional 14,670 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Monolithic Power Systems by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company's stock worth $794,723,000 after purchasing an additional 6,503 shares in the last quarter. Bank of America Corp DE raised its holdings in Monolithic Power Systems by 18.0% during the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company's stock worth $506,661,000 after purchasing an additional 105,721 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Monolithic Power Systems by 2.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 570,719 shares of the semiconductor company's stock worth $517,277,000 after purchasing an additional 14,132 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Truist Financial upped their target price on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Rosenblatt Securities upped their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. William Blair restated an "outperform" rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Finally, Citigroup upped their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,260.08.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 21,725 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the sale, the chief financial officer directly owned 82,353 shares in the company, valued at $96,448,539.48. This represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Victor K. Lee sold 400 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the completion of the sale, the director owned 27,756 shares in the company, valued at $33,644,712.96. This represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 137,683 shares of company stock valued at $158,138,447 over the last three months. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Trading Down 2.7%

Shares of MPWR opened at $1,587.57 on Tuesday. The firm's 50-day moving average is $1,206.36 and its two-hundred day moving average is $1,074.80. Monolithic Power Systems, Inc. has a twelve month low of $562.38 and a twelve month high of $1,661.79. The firm has a market capitalization of $77.98 billion, a P/E ratio of 124.61, a PEG ratio of 4.13 and a beta of 1.48.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company's quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.09 earnings per share. Analysts predict that Monolithic Power Systems, Inc. will post 17.01 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $2.00 dividend. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is currently 62.79%.

About Monolithic Power Systems

Monolithic Power Systems NASDAQ: MPWR is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

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