1,006 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by CFC Planning Co LLC

CFC Planning Co LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,006 shares of the semiconductor company’s stock, valued at approximately $912,000.

A number of other hedge funds have also recently bought and sold shares of MPWR. Penserra Capital Management LLC raised its stake in Monolithic Power Systems by 88.9% during the third quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock worth $2,016,000 after purchasing an additional 1,031 shares during the period. AE Wealth Management LLC purchased a new position in Monolithic Power Systems during the third quarter worth approximately $1,121,000. Candriam S.C.A. raised its stake in Monolithic Power Systems by 6.9% during the third quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock worth $79,089,000 after purchasing an additional 5,561 shares during the period. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the period. Finally, First Trust Advisors LP raised its stake in Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after purchasing an additional 178,622 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In other news, EVP Saria Tseng sold 8,963 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $1,305.22, for a total value of $11,698,686.86. Following the completion of the sale, the executive vice president owned 156,983 shares of the company’s stock, valued at $204,897,351.26. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Theodore Blegen sold 21,725 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value 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 $96,448,539.48. The trade was a 20.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 137,683 shares of company stock worth $158,138,447 over the last three months. 3.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MPWR. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings downgraded shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Truist Financial increased their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Oppenheimer reaffirmed an “outperform” rating and set a $1,600.00 price target on shares of Monolithic Power Systems in a research note on Friday. Finally, Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,260.08.

Monolithic Power Systems Trading Down 2.7%

NASDAQ:MPWR opened at $1,587.57 on Tuesday. Monolithic Power Systems, Inc. has a twelve month low of $562.38 and a twelve month high of $1,661.79. The firm’s fifty day simple moving average is $1,206.36 and its 200 day simple moving average is $1,074.80. The firm has a market capitalization of $77.98 billion, a price-to-earnings ratio of 124.61, a PEG ratio of 4.13 and a beta of 1.48.

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 the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. During the same quarter in the prior year, the business earned $4.09 earnings per share. The company’s revenue was up 20.8% compared to the same quarter last year. On average, analysts predict that Monolithic Power Systems, Inc. will post 17.01 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 62.79%.

About Monolithic Power Systems

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.