Stifel Financial Corp Increases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Stifel Financial Corp increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 152.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,989 shares of the semiconductor company's stock after acquiring an additional 46,484 shares during the quarter. Stifel Financial Corp owned about 0.16% of Monolithic Power Systems worth $45,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Tradewinds Capital Management LLC lifted its position 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 worth $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management bought a new position in Monolithic Power Systems during the fourth quarter worth about $27,000. West Oak Capital LLC raised its holdings 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 worth $32,000 after buying an additional 545 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at $39,000. Finally, AlphaQuest LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MPWR shares. Loop Capital increased their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Stifel Nicolaus reduced their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities cut their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $826.17.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company's 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 transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $1.33 during mid-day trading on Tuesday, reaching $586.54. 191,675 shares of the company's 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 has a market cap of $28.08 billion, a P/E ratio of 15.96, a PEG ratio of 2.60 and a beta of 1.21. The business has a 50-day simple moving average of $575.34 and a 200 day simple moving average of $637.59.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $1.56 per share. The ex-dividend date was Monday, March 31st. This represents a $6.24 annualized dividend and a 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.