Promus Capital LLC Takes Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Promus Capital LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 136 shares of the semiconductor company’s stock, valued at approximately $80,000.

A number of other large investors also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its holdings in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares during the period. West Oak Capital LLC increased its holdings in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 545 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Monolithic Power Systems in the third quarter valued at $36,000. Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at $39,000. Finally, Rakuten Securities Inc. increased its holdings in Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 41 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

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

Monolithic Power Systems Price Performance

MPWR stock opened at $612.19 on Thursday. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a market capitalization of $29.86 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The company’s 50-day moving average is $639.41 and its 200-day moving average is $733.68.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.56 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.02%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

Analyst Ratings Changes

A number of research firms recently weighed in on MPWR. KeyCorp increased their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Rosenblatt Securities restated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Oppenheimer decreased their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Citigroup assumed coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target for the company. Finally, Loop Capital increased their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $866.17.

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.