Olympiad Research LP Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Olympiad Research LP bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 361 shares of the semiconductor company’s stock, valued at approximately $214,000.

A number of other institutional investors also recently bought and sold shares of MPWR. Sequoia Financial Advisors LLC raised its stake in Monolithic Power Systems by 38.3% during the third quarter. Sequoia Financial Advisors LLC now owns 834 shares of the semiconductor company’s stock worth $771,000 after purchasing an additional 231 shares during the period. Assenagon Asset Management S.A. raised its stake in Monolithic Power Systems by 3.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,165 shares of the semiconductor company’s stock worth $1,077,000 after purchasing an additional 37 shares during the period. Dakota Wealth Management raised its stake in Monolithic Power Systems by 91.3% during the third quarter. Dakota Wealth Management now owns 2,179 shares of the semiconductor company’s stock worth $2,015,000 after purchasing an additional 1,040 shares during the period. Ballentine Partners LLC purchased a new position in Monolithic Power Systems during the third quarter worth about $301,000. Finally, Lake Street Advisors Group LLC purchased a new position in Monolithic Power Systems during the third quarter worth about $226,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of research analyst reports. Citigroup initiated coverage on shares of 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. Rosenblatt Securities reissued a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Oppenheimer reduced their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Loop Capital boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $661.08 on Monday. The stock has a market capitalization of $32.25 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The company has a 50 day moving average price of $637.78 and a 200 day moving average price of $746.46. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two 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 EPS for the quarter, missing the consensus estimate 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, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

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

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.