United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 800 shares of the semiconductor company’s stock, valued at approximately $473,000.

Other large investors also recently added to or reduced their stakes in the company. Financial Counselors Inc. grew its holdings in shares of Monolithic Power Systems by 4.0% during the fourth quarter. Financial Counselors Inc. now owns 7,022 shares of the semiconductor company’s stock valued at $4,155,000 after buying an additional 269 shares in the last quarter. Morey & Quinn Wealth Partners LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $549,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Monolithic Power Systems by 7.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,838 shares of the semiconductor company’s stock valued at $17,655,000 after purchasing an additional 2,028 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Monolithic Power Systems by 4.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,894 shares of the semiconductor company’s stock valued at $2,304,000 after purchasing an additional 179 shares during the period. Finally, Modern Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $1,538,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MPWR has been the topic of several research reports. KeyCorp upped their price objective 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. Loop Capital increased their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities lowered their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company dropped their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Finally, Oppenheimer reiterated an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $851.58.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’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 transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Down 5.1 %

Shares of MPWR stock opened at $600.47 on Thursday. The business’s 50 day moving average is $637.94 and its two-hundred day moving average is $702.15. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The company has a market cap of $28.74 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate 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 analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

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.