Mackenzie Financial Corp Purchases 162 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mackenzie Financial Corp boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,643 shares of the semiconductor company’s stock after acquiring an additional 162 shares during the quarter. Mackenzie Financial Corp’s holdings in Monolithic Power Systems were worth $2,298,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Arlington Trust Co LLC increased its stake in shares of Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares during the last quarter. Operose Advisors LLC bought a new position in Monolithic Power Systems in the third quarter valued at about $43,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter worth about $43,000. Private Trust Co. NA boosted its stake in shares of Monolithic Power Systems by 145.8% in the 4th quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 70 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $104,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MPWR shares. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Rosenblatt Securities raised their price objective on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. KeyCorp boosted their price objective on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus increased their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $670.30.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $600.63 on Tuesday. The business has a 50-day moving average of $689.42 and a 200-day moving average of $605.57. The company has a market capitalization of $29.23 billion, a price-to-earnings ratio of 68.57, a price-to-earnings-growth ratio of 3.17 and a beta of 1.24. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Insider Activity at Monolithic Power Systems

In other news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the transaction, the director now directly owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the completion of the sale, the chief financial officer now owns 84,768 shares of the company’s stock, valued at approximately $51,137,143.68. The disclosure for this sale can be found here. Insiders have sold a total of 45,077 shares of company stock worth $30,357,479 over the last quarter. Company insiders own 3.20% of the company’s stock.

About Monolithic Power Systems

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.