Farringdon Capital Ltd. Acquires Shares of 405 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Farringdon Capital Ltd. bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 405 shares of the semiconductor company’s stock, valued at approximately $240,000.

Other institutional investors also recently modified their holdings of the company. Tradewinds Capital Management LLC lifted its position in shares of Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $27,000. West Oak Capital LLC boosted its holdings in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Monolithic Power Systems in the fourth quarter valued at about $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth about $41,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm’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 value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $523.58 on Friday. The firm has a market cap of $25.06 billion, a price-to-earnings ratio of 14.24, a PEG 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. The firm has a 50 day moving average price of $592.25 and a two-hundred day moving average price of $655.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Analyst Upgrades and Downgrades

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

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.