Los Angeles Capital Management LLC Acquires New Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Los Angeles Capital Management LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,019 shares of the semiconductor company’s stock, valued at approximately $3,166,000.

Several other institutional investors also recently bought and sold shares of MPWR. Commonwealth Equity Services LLC increased its stake in shares of Monolithic Power Systems by 6.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,851 shares of the semiconductor company’s stock valued at $1,317,000 after acquiring an additional 165 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Monolithic Power Systems by 1.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,723 shares of the semiconductor company’s stock worth $7,264,000 after purchasing an additional 174 shares during the period. Bank of New York Mellon Corp raised its stake in Monolithic Power Systems by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 340,747 shares of the semiconductor company’s stock worth $157,425,000 after purchasing an additional 1,294 shares during the period. Telemus Capital LLC boosted its holdings in shares of Monolithic Power Systems by 6.1% in the 3rd quarter. Telemus Capital LLC now owns 928 shares of the semiconductor company’s stock valued at $429,000 after purchasing an additional 53 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Monolithic Power Systems by 16.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,579 shares of the semiconductor company’s stock valued at $8,121,000 after buying an additional 2,531 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares in the company, valued at approximately $141,834,400. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the sale, the executive vice president now owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deming Xiao sold 859 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the transaction, the insider now directly owns 208,580 shares in the company, valued at approximately $141,834,400. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock valued at $30,986,274 in the last ninety days. Insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MPWR. KeyCorp increased their target price on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company raised their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen boosted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Oppenheimer increased their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $743.78.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $707.22 on Monday. The firm has a market capitalization of $34.41 billion, a PE ratio of 84.29, a price-to-earnings-growth ratio of 3.64 and a beta of 1.22. Monolithic Power Systems, Inc. has a one year low of $383.19 and a one year high of $778.15. The stock’s 50 day moving average price is $678.85 and its 200 day moving average price is $617.41.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS 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 return on equity of 21.01% and a net margin of 22.44%. 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 disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.25 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Monolithic Power Systems Company 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.