Optiver Holding B.V. Purchases 76 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Optiver Holding B.V. increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 116.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 141 shares of the semiconductor company’s stock after purchasing an additional 76 shares during the period. Optiver Holding B.V.’s holdings in Monolithic Power Systems were worth $83,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Morse Asset Management Inc purchased a new position in shares of Monolithic Power Systems in the 3rd quarter worth $231,000. Barclays PLC grew its position in Monolithic Power Systems by 5.0% in the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock worth $297,799,000 after acquiring an additional 15,350 shares in the last quarter. World Investment Advisors LLC increased its stake in Monolithic Power Systems by 14.6% during the third quarter. World Investment Advisors LLC now owns 822 shares of the semiconductor company’s stock worth $760,000 after acquiring an additional 105 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Monolithic Power Systems during the third quarter valued at approximately $23,233,000. Finally, Tidal Investments LLC lifted its stake in shares of Monolithic Power Systems by 105.7% in the 3rd quarter. Tidal Investments LLC now owns 6,042 shares of the semiconductor company’s stock valued at $5,586,000 after purchasing an additional 3,105 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 0.3 %

Shares of NASDAQ:MPWR opened at $586.74 on Wednesday. The business’s 50 day moving average is $573.27 and its 200 day moving average is $637.23. The stock has a market cap of $28.09 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

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

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $1.56 dividend. The ex-dividend date was Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.06%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

Analysts Set New Price Targets

Several research firms recently weighed in on MPWR. Wells Fargo & Company decreased their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Loop Capital increased their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Oppenheimer reissued an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, KeyCorp boosted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $826.17.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’s 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 completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

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.