Crown Advisors Management Inc. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,000 shares of the semiconductor company’s stock, valued at approximately $2,564,000.
Other hedge funds have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its holdings in shares of Monolithic Power Systems by 17,600.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,743,745 shares of the semiconductor company’s stock valued at $4,666,000 after buying an additional 3,722,594 shares during the period. BlackRock Inc. grew its stake in shares of Monolithic Power Systems by 13.2% in the fourth quarter. BlackRock Inc. now owns 6,314,697 shares of the semiconductor company’s stock worth $2,312,630,000 after acquiring an additional 737,757 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Monolithic Power Systems during the third quarter worth $97,621,000. Alliancebernstein L.P. raised its position in Monolithic Power Systems by 108.7% in the 4th quarter. Alliancebernstein L.P. now owns 572,481 shares of the semiconductor company’s stock valued at $209,660,000 after purchasing an additional 298,238 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $55,131,000. 93.33% of the stock is currently owned by hedge funds and other institutional investors.
MPWR stock traded down $10.25 during trading hours on Tuesday, hitting $362.41. 11,162 shares of the stock traded hands, compared to its average volume of 707,895. Monolithic Power Systems, Inc. has a one year low of $130.12 and a one year high of $406.75. The company has a market cap of $16.34 billion, a P/E ratio of 113.27, a P/E/G ratio of 4.04 and a beta of 0.93. The stock has a 50-day simple moving average of $379.54 and a 200 day simple moving average of $320.78.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 30th. Monolithic Power Systems’s payout ratio is presently 79.05%.
A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, February 5th. Rosenblatt Securities upped their price target on Monolithic Power Systems from $430.00 to $460.00 and gave the company a “buy” rating in a report on Friday, February 5th. Loop Capital upped their target price on shares of Monolithic Power Systems from $350.00 to $420.00 and gave the company a “buy” rating in a report on Monday, February 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monolithic Power Systems from $335.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 5th. Finally, Oppenheimer reissued a “buy” rating and issued a $350.00 target price on shares of Monolithic Power Systems in a report on Friday, October 30th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $369.00.
In other news, insider Deming Xiao sold 13,359 shares of the company’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $366.34, for a total value of $4,893,936.06. Following the sale, the insider now owns 341,939 shares of the company’s stock, valued at approximately $125,265,933.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 52,729 shares of the stock in a transaction dated Friday, February 5th. The stock was sold at an average price of $366.34, for a total transaction of $19,316,741.86. Following the sale, the chief executive officer now owns 1,125,869 shares of the company’s stock, valued at approximately $412,450,849.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 261,466 shares of company stock valued at $96,455,299. 3.00% of the stock is owned by insiders.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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