Greenleaf Trust Has $604,000 Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Greenleaf Trust raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 957 shares of the semiconductor company’s stock after purchasing an additional 21 shares during the period. Greenleaf Trust’s holdings in Monolithic Power Systems were worth $604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after purchasing an additional 123,946 shares during the period. FMR LLC increased its position in shares of Monolithic Power Systems by 35.0% in the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock valued at $1,655,717,000 after acquiring an additional 929,009 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Monolithic Power Systems by 0.9% in the third quarter. Wellington Management Group LLP now owns 853,243 shares of the semiconductor company’s stock valued at $394,198,000 after acquiring an additional 7,204 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Monolithic Power Systems by 19.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock valued at $290,844,000 after acquiring an additional 73,564 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Monolithic Power Systems by 6.5% in the third quarter. Northern Trust Corp now owns 459,777 shares of the semiconductor company’s stock valued at $212,417,000 after acquiring an additional 28,258 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $600.63 on Tuesday. Monolithic Power Systems, Inc. has a 52 week low of $383.19 and a 52 week high of $778.15. The stock has a market capitalization of $29.23 billion, a P/E ratio of 68.57, a PEG ratio of 3.17 and a beta of 1.24. The stock has a 50-day simple moving average of $689.42 and a 200 day simple moving average of $605.57.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. Research analysts forecast that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Wednesday, March 27th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s payout ratio is currently 57.08%.

Insider Transactions at Monolithic Power Systems

In other news, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the completion of the sale, the director now owns 6,269 shares in the company, valued at $4,705,323.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares in the company, valued at $51,137,143.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $750.57, for a total transaction of $150,114.00. Following the completion of the sale, the director now owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock worth $30,357,479 over the last quarter. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. KeyCorp lifted their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Oppenheimer lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC lifted their target price on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $670.30.

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.