Dakota Wealth Management Has $5.64 Million Position in Monolithic Power Systems, Inc. $MPWR

Dakota Wealth Management raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 55.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,218 shares of the semiconductor company’s stock after acquiring an additional 2,220 shares during the period. Dakota Wealth Management’s holdings in Monolithic Power Systems were worth $5,636,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Global X Japan Co. Ltd. boosted its holdings in Monolithic Power Systems by 45.8% in the fourth quarter. Global X Japan Co. Ltd. now owns 4,006 shares of the semiconductor company’s stock valued at $3,631,000 after acquiring an additional 1,259 shares during the last quarter. CoreCap Advisors LLC raised its holdings in Monolithic Power Systems by 40.5% during the 4th quarter. CoreCap Advisors LLC now owns 992 shares of the semiconductor company’s stock worth $899,000 after purchasing an additional 286 shares during the last quarter. Mather Group LLC. lifted its position in shares of Monolithic Power Systems by 4.6% in the 4th quarter. Mather Group LLC. now owns 946 shares of the semiconductor company’s stock worth $858,000 after purchasing an additional 42 shares during the period. Peak Financial Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $715,000. Finally, Paragon Advisors LLC boosted its stake in shares of Monolithic Power Systems by 6.2% in the 4th quarter. Paragon Advisors LLC now owns 3,296 shares of the semiconductor company’s stock valued at $2,987,000 after purchasing an additional 193 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the completion of the sale, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. The trade was a 20.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 22,875 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 200,626 shares in the company, valued at $234,965,146.16. This represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 97,580 shares of company stock worth $113,337,222. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Citigroup raised their target price on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,053.01 on Friday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,256.22. The business has a 50-day simple moving average of $1,120.02 and a 200 day simple moving average of $1,008.76. The firm has a market capitalization of $51.72 billion, a price-to-earnings ratio of 82.65, a PEG ratio of 2.68 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. The company had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.09 earnings per share. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 48.98%.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.