International Assets Investment Management LLC Buys 76,250 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

International Assets Investment Management LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38,510.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 76,448 shares of the semiconductor company’s stock after purchasing an additional 76,250 shares during the period. International Assets Investment Management LLC owned about 0.16% of Monolithic Power Systems worth $48,222,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Arlington Trust Co LLC grew its holdings in Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 23 shares during the last quarter. Operose Advisors LLC bought a new stake in shares of Monolithic Power Systems in the third quarter worth about $43,000. Private Trust Co. NA increased its holdings in Monolithic Power Systems by 145.8% during 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 during the period. CVA Family Office LLC bought a new position in Monolithic Power Systems during the 4th quarter valued at approximately $104,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Monolithic Power Systems by 12.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock worth $115,000 after buying an additional 20 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $707.22 on Friday. The company has a 50 day simple moving average of $678.85 and a two-hundred day simple moving average of $615.35. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15. The company has a market capitalization of $34.42 billion, a price-to-earnings ratio of 84.29, a P/E/G ratio of 3.49 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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). Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.47%. The company had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. On average, analysts forecast that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

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

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction dated Monday, February 12th. The shares were 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 $4,705,323.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael Hsing sold 8,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the sale, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeff Zhou sold 200 shares of the business’s 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,077 shares of company stock valued at $30,986,274. 3.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial boosted their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen upped their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday. KeyCorp boosted their price target on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $716.90.

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.