Meiji Yasuda Asset Management Co Ltd. Has $2.30 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,894 shares of the semiconductor company’s stock after buying an additional 179 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Monolithic Power Systems were worth $2,304,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. grew its holdings in Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after acquiring an additional 14 shares during the period. WP Advisors LLC grew its stake in Monolithic Power Systems by 3.2% during the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 16 shares during the period. Allworth Financial LP increased its holdings in Monolithic Power Systems by 11.5% in the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 16 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Monolithic Power Systems by 5.1% in the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 19 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Monolithic Power Systems by 12.2% during the 3rd quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock worth $188,000 after buying an additional 22 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MPWR. Rosenblatt Securities lowered their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. KeyCorp lifted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Needham & Company LLC increased their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $851.58.

Monolithic Power Systems Stock Up 0.8 %

Shares of NASDAQ:MPWR opened at $632.97 on Wednesday. The business’s 50 day moving average is $637.97 and its 200 day moving average is $702.87. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The stock has a market cap of $30.30 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 2.60 and a beta of 1.03.

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

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.99%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly 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 can be accessed through this link. Insiders own 3.70% of the company’s stock.

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.