BankPlus Trust Department Invests $707,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

BankPlus Trust Department purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,195 shares of the semiconductor company’s stock, valued at approximately $707,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its position in Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after buying an additional 361,416 shares in the last quarter. State Street Corp increased its position in shares of Monolithic Power Systems by 2.1% in the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after purchasing an additional 42,678 shares during the period. Geode Capital Management LLC increased its position in shares of Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after purchasing an additional 133,838 shares during the period. Van ECK Associates Corp raised its stake in Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after purchasing an additional 328,203 shares in the last quarter. Finally, Barclays PLC raised its stake in Monolithic Power Systems by 5.0% in the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock valued at $297,799,000 after purchasing an additional 15,350 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $661.08 on Monday. The business has a 50 day moving average of $637.78 and a 200-day moving average of $746.46. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The company has a market capitalization of $32.25 billion, a P/E ratio of 17.98, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is 13.60%.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Finally, Needham & Company LLC upped their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

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.