Captrust Financial Advisors lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,318 shares of the semiconductor company’s stock after purchasing an additional 363 shares during the period. Captrust Financial Advisors’ holdings in Monolithic Power Systems were worth $154,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. M&T Bank Corp increased its holdings in shares of Monolithic Power Systems by 5.9% in the fourth quarter. M&T Bank Corp now owns 1,804 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 101 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Monolithic Power Systems by 81.3% in the fourth quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 139 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its stake in Monolithic Power Systems by 1.1% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 13,820 shares of the semiconductor company’s stock valued at $1,607,000 after acquiring an additional 146 shares during the last quarter. Renaissance Group LLC boosted its stake in Monolithic Power Systems by 4.3% in the fourth quarter. Renaissance Group LLC now owns 4,076 shares of the semiconductor company’s stock valued at $474,000 after acquiring an additional 169 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Monolithic Power Systems by 9.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,531 shares of the semiconductor company’s stock valued at $294,000 after acquiring an additional 208 shares during the last quarter. 99.50% of the stock is owned by institutional investors and hedge funds.

In related news, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $137.01, for a total transaction of $2,055,150.00. Following the sale, the director now directly owns 527,260 shares in the company, valued at $72,239,892.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 899 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $123.50, for a total transaction of $111,026.50. Following the sale, the chief financial officer now owns 53,907 shares in the company, valued at $6,657,514.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 324,111 shares of company stock worth $43,107,436. 4.00% of the stock is currently owned by company insiders.

Shares of NASDAQ:MPWR opened at $141.10 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $101.99 and a 12 month high of $152.21. The firm has a market cap of $5.92 billion, a P/E ratio of 59.04, a P/E/G ratio of 1.92 and a beta of 1.43.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.31. Monolithic Power Systems had a net margin of 18.08% and a return on equity of 18.22%. The business had revenue of $153.50 million for the quarter, compared to analyst estimates of $153.63 million. During the same period last year, the business posted $0.82 earnings per share. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. Analysts predict that Monolithic Power Systems, Inc. will post 2.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, March 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 50.21%.

A number of brokerages have issued reports on MPWR. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Monolithic Power Systems in a research note on Monday, March 4th. Deutsche Bank raised their price objective on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. Finally, ValuEngine raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $148.88.

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About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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