Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Position Raised by National Bank of Canada FI

National Bank of Canada FI lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 251.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,218 shares of the semiconductor company's stock after buying an additional 25,927 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of Monolithic Power Systems worth $21,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its position in shares of Monolithic Power Systems by 6.1% in the third quarter. Commonwealth Equity Services LLC now owns 2,851 shares of the semiconductor company's stock worth $1,317,000 after purchasing an additional 165 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Monolithic Power Systems by 1.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,723 shares of the semiconductor company's stock valued at $7,264,000 after acquiring an additional 174 shares during the last quarter. Bank of New York Mellon Corp grew its position in Monolithic Power Systems by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 340,747 shares of the semiconductor company's stock valued at $157,425,000 after acquiring an additional 1,294 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Monolithic Power Systems by 16.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,579 shares of the semiconductor company's stock valued at $8,121,000 after acquiring an additional 2,531 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in Monolithic Power Systems by 1.3% during the third quarter. IFM Investors Pty Ltd now owns 8,665 shares of the semiconductor company's stock valued at $4,003,000 after acquiring an additional 108 shares during 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 Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the transaction, the insider now directly owns 208,580 shares in the company, valued at approximately $141,834,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the sale, the director now owns 6,269 shares of the company's stock, valued at approximately $4,705,323.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Deming Xiao sold 859 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the sale, the insider now directly owns 208,580 shares in the company, valued at approximately $141,834,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,077 shares of company stock worth $30,986,274. 3.20% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Down 4.2 %

NASDAQ MPWR traded down $30.83 during trading hours on Tuesday, reaching $702.22. The company's stock had a trading volume of 625,711 shares, compared to its average volume of 545,759. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $778.15. The company has a market capitalization of $34.17 billion, a price-to-earnings ratio of 87.37, a PEG ratio of 3.64 and a beta of 1.22. The firm's 50-day moving average price is $679.01 and its 200-day moving average price is $619.52.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.71%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems's dividend payout ratio is presently 59.59%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MPWR. TD Cowen raised their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. KeyCorp raised their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. Wells Fargo & Company raised their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Finally, Truist Financial raised their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $743.78.

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.