Monolithic Power Systems, Inc. (NASDAQ:MPWR) Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 174,768 shares of the semiconductor company's stock after purchasing an additional 40,188 shares during the period. Hsbc Holdings PLC owned 0.36% of Monolithic Power Systems worth $103,752,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MPWR. Tradewinds Capital Management LLC raised its holdings in Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $27,000. West Oak Capital LLC raised its stake 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 acquiring an additional 545 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $39,000. Finally, AlphaQuest LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity 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 stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on MPWR shares. Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Citigroup decreased their target price on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. KeyCorp lifted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Rosenblatt Securities reduced their price target on shares of 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, Oppenheimer reissued an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $826.17.

Monolithic Power Systems Stock Up 0.2 %

Shares of MPWR traded up $1.42 on Tuesday, hitting $586.63. 191,675 shares of the stock traded hands, compared to its average volume of 772,585. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The stock's 50 day moving average is $575.34 and its two-hundred day moving average is $637.59. The firm has a market capitalization of $28.09 billion, a P/E ratio of 15.96, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.56 dividend. The ex-dividend date was Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.06%. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio 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.