Czech National Bank Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Czech National Bank grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,583 shares of the semiconductor company’s stock after acquiring an additional 652 shares during the period. Czech National Bank’s holdings in Monolithic Power Systems were worth $6,262,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MPWR. Evergreen Capital Management LLC raised its stake in shares of Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC raised its position in Monolithic Power Systems by 2.5% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 12 shares during the period. Greenleaf Trust lifted its stake in Monolithic Power Systems by 1.5% in the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after purchasing an additional 14 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in Monolithic Power Systems by 4.8% during the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 14 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Monolithic Power Systems by 4.7% during the second quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock valued at $287,000 after buying an additional 15 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Friday, November 1st. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00. Following the transaction, the chief financial officer now owns 56,678 shares of the company’s stock, valued at $43,809,826.88. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,600 shares of company stock valued at $4,656,631 in the last three months. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $589.86 on Wednesday. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The stock’s 50 day simple moving average is $609.00 and its two-hundred day simple moving average is $779.01. The stock has a market cap of $28.77 billion, a price-to-earnings ratio of 66.50, a PEG ratio of 2.90 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $1.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems’s payout ratio is 56.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MPWR. Citigroup initiated coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a report on Monday, November 18th. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC cut their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $828.67.

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.