Optimize Financial Inc Purchases Shares of 1,595 Monolithic Power Systems, Inc. $MPWR

Optimize Financial Inc purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,595 shares of the semiconductor company’s stock, valued at approximately $1,468,000. Monolithic Power Systems accounts for 0.8% of Optimize Financial Inc’s investment portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the last quarter. Empowered Funds LLC lifted its holdings in Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after acquiring an additional 161 shares during the period. Truist Financial Corp boosted its position in Monolithic Power Systems by 1.5% in the 2nd quarter. Truist Financial Corp now owns 4,731 shares of the semiconductor company’s stock worth $3,460,000 after purchasing an additional 68 shares in the last quarter. 111 Capital acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $202,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $248,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 0.7%

Shares of MPWR opened at $1,164.83 on Wednesday. The firm has a 50-day moving average price of $989.53 and a 200 day moving average price of $926.15. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,199.76. The firm has a market capitalization of $55.81 billion, a P/E ratio of 29.75, a P/E/G ratio of 3.29 and a beta of 1.45.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 31st. Monolithic Power Systems’s payout ratio is presently 15.93%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MPWR. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Citigroup upped their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Stifel Nicolaus increased their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, KeyCorp upped their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $1,135.42.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 27,966 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total value of $24,656,503.56. Following the completion of the transaction, the executive vice president directly owned 148,306 shares in the company, valued at approximately $130,755,467.96. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the sale, the director directly owned 28,567 shares of the company’s stock, valued at approximately $27,187,785.24. This trade represents a 3.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 66,776 shares of company stock valued at $60,099,765 in the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.