Meitav Dash Investments Ltd. Purchases 112 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Meitav Dash Investments Ltd. boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,358 shares of the semiconductor company’s stock after acquiring an additional 112 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Monolithic Power Systems were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MPWR. First Trust Advisors LP lifted its holdings in Monolithic Power Systems by 1,110.9% during the 4th quarter. First Trust Advisors LP now owns 229,491 shares of the semiconductor company’s stock valued at $40,854,000 after purchasing an additional 210,539 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Monolithic Power Systems by 4.0% in the second quarter. BlackRock Inc. now owns 4,406,881 shares of the semiconductor company’s stock valued at $598,366,000 after purchasing an additional 168,988 shares during the last quarter. Earnest Partners LLC grew its stake in Monolithic Power Systems by 10.9% in the 4th quarter. Earnest Partners LLC now owns 908,249 shares of the semiconductor company’s stock valued at $161,686,000 after buying an additional 89,093 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Monolithic Power Systems by 48.0% during the fourth quarter. Principal Financial Group Inc. now owns 255,550 shares of the semiconductor company’s stock worth $45,494,000 after purchasing an additional 82,830 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Monolithic Power Systems by 7.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 951,482 shares of the semiconductor company’s stock worth $148,078,000 after purchasing an additional 69,622 shares during the period. Institutional investors own 95.95% of the company’s stock.

Shares of MPWR traded down $5.31 during trading hours on Thursday, hitting $158.91. 11,797 shares of the company were exchanged, compared to its average volume of 349,477. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 67.16, a P/E/G ratio of 2.10 and a beta of 1.62. Monolithic Power Systems, Inc. has a fifty-two week low of $114.84 and a fifty-two week high of $193.10. The firm’s fifty day moving average is $180.33 and its 200 day moving average is $164.04.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.01. Monolithic Power Systems had a net margin of 17.33% and a return on equity of 15.07%. The business had revenue of $166.74 million during the quarter, compared to analysts’ expectations of $163.09 million. During the same quarter in the prior year, the business posted $0.99 earnings per share. Monolithic Power Systems’s revenue was up 8.6% compared to the same quarter last year. Analysts expect that Monolithic Power Systems, Inc. will post 3.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.50 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 30th. This represents a $2.00 annualized dividend and a yield of 1.26%. Monolithic Power Systems’s payout ratio is presently 63.24%.

Several analysts recently weighed in on MPWR shares. Cowen lifted their price target on Monolithic Power Systems from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Loop Capital reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Deutsche Bank increased their price objective on Monolithic Power Systems from $188.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Oppenheimer boosted their target price on shares of Monolithic Power Systems from to in a research report on Thursday, January 30th. Finally, Raymond James boosted their target price on shares of Monolithic Power Systems from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $194.38.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 915 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $161.65, for a total value of $147,909.75. Following the sale, the chief financial officer now owns 100,047 shares in the company, valued at $16,172,597.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Moyer sold 19,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $158.58, for a total transaction of $3,013,020.00. Following the completion of the sale, the director now owns 389,260 shares in the company, valued at approximately $61,728,850.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 339,690 shares of company stock valued at $60,640,964. Insiders own 3.00% of the company’s stock.

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, industrial, automotive, and communications 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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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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