Headlands Technologies LLC Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Headlands Technologies LLC increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2,220.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,160 shares of the semiconductor company’s stock after buying an additional 1,110 shares during the quarter. Headlands Technologies LLC’s holdings in Monolithic Power Systems were worth $732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MPWR. Arlington Trust Co LLC boosted its holdings in Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $43,000. Operose Advisors LLC purchased a new stake in Monolithic Power Systems in the 3rd quarter valued at approximately $43,000. Lindbrook Capital LLC boosted its stake in shares of Monolithic Power Systems by 137.0% during the 4th quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 63 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Monolithic Power Systems by 145.8% during the 4th quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MPWR. Oppenheimer boosted their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. TD Cowen lifted their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. KeyCorp lifted their price objective on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Needham & Company LLC lifted their price objective on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $670.30.

Monolithic Power Systems Stock Up 2.6 %

NASDAQ:MPWR traded up $16.89 during trading hours on Friday, reaching $677.23. 402,846 shares of the company’s stock were exchanged, compared to its average volume of 477,860. The company has a market capitalization of $32.95 billion, a P/E ratio of 77.31, a price-to-earnings-growth ratio of 3.53 and a beta of 1.24. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The business’s 50-day simple moving average is $682.80 and its two-hundred day simple moving average is $608.56.

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

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio is 57.08%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares of the company’s stock, valued at approximately $141,834,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares of the company’s stock, valued at approximately $141,834,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the completion of the sale, the chief executive officer now directly owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,077 shares of company stock worth $30,357,479. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems 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.