Bank Julius Baer & Co. Ltd Zurich Acquires Shares of 1,902 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,902 shares of the semiconductor company’s stock, valued at approximately $1,200,000.

Other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in Monolithic Power Systems by 5.6% in the 3rd quarter. Huntington National Bank now owns 657 shares of the semiconductor company’s stock valued at $304,000 after purchasing an additional 35 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Monolithic Power Systems by 8.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company’s stock valued at $90,913,000 after purchasing an additional 15,609 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Monolithic Power Systems by 36.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock valued at $21,945,000 after purchasing an additional 12,600 shares in the last quarter. Czech National Bank boosted its holdings in Monolithic Power Systems by 0.5% in the 4th quarter. Czech National Bank now owns 8,391 shares of the semiconductor company’s stock valued at $5,293,000 after purchasing an additional 41 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Monolithic Power Systems by 19.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock valued at $290,844,000 after purchasing an additional 73,564 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MPWR. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. TD Cowen boosted their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. KeyCorp boosted their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Needham & Company LLC boosted their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Oppenheimer boosted their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $670.30.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $677.23 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15. The company has a market capitalization of $32.95 billion, a P/E ratio of 77.31, a P/E/G ratio of 3.53 and a beta of 1.24. The business has a 50 day moving average price of $682.80 and a 200 day moving average price of $608.56.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The company had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 0.74%. Monolithic Power Systems’s payout ratio is 57.08%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the transaction, the chief financial officer now directly owns 84,768 shares in the company, valued at approximately $51,137,143.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the transaction, the chief financial officer now directly owns 84,768 shares in the company, valued at approximately $51,137,143.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00. Following the completion of the transaction, the chief executive officer now owns 921,774 shares of the company’s stock, valued at $554,917,165.74. The disclosure for this sale can be found here. In the last three months, insiders sold 45,077 shares of company stock worth $30,357,479. Insiders own 3.20% 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.