DF Dent & Co. Inc. Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

DF Dent & Co. Inc. raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 86.8% in the 4th quarter, Holdings Channel reports. The fund owned 155,539 shares of the semiconductor company’s stock after acquiring an additional 72,295 shares during the quarter. DF Dent & Co. Inc.’s holdings in Monolithic Power Systems were worth $92,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management purchased a new position in Monolithic Power Systems in the 4th quarter valued at $27,000. Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at $39,000. AlphaQuest LLC purchased a new position in Monolithic Power Systems during the 4th quarter worth $41,000. Finally, Versant Capital Management Inc lifted its stake in shares of Monolithic Power Systems by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 41 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MPWR. Loop Capital boosted their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. KeyCorp boosted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Oppenheimer reissued an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Rosenblatt Securities dropped their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Finally, Needham & Company LLC raised their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $851.58.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Stock Up 1.6 %

Shares of MPWR stock opened at $590.65 on Thursday. The stock has a market cap of $28.27 billion, a P/E ratio of 16.06, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a fifty-two week low of $540.18 and a fifty-two week high of $959.64. The business has a fifty day simple moving average of $633.08 and a 200-day simple moving average of $691.97.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results 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%. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

About Monolithic Power Systems

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.