Harvest Fund Management Co. Ltd Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Harvest Fund Management Co. Ltd raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,140 shares of the semiconductor company’s stock after buying an additional 500 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Monolithic Power Systems were worth $2,567,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Arlington Trust Co LLC lifted its position in shares of Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 23 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the third quarter valued at about $43,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $43,000. Lindbrook Capital LLC lifted its position in shares of Monolithic Power Systems by 137.0% during the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 63 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Monolithic Power Systems by 145.8% during the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 70 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other news, Director Jeff Zhou sold 200 shares of the firm’s 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 sale, the director now owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the sale, the executive vice president now owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction 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 directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Insiders have sold 45,077 shares of company stock valued at $30,357,479 in the last 90 days. 3.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MPWR has been the subject of several research analyst reports. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Rosenblatt Securities increased their price objective on shares of 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 increased their price objective on shares of 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 increased their price objective on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, TD Cowen increased their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $670.30.

Monolithic Power Systems Price Performance

MPWR traded up $10.74 during trading on Tuesday, reaching $611.37. 499,953 shares of the company’s stock were exchanged, compared to its average volume of 535,505. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15. The stock has a market capitalization of $29.75 billion, a P/E ratio of 69.79, a price-to-earnings-growth ratio of 3.17 and a beta of 1.24. The company’s fifty day simple moving average is $687.40 and its 200-day simple moving average is $606.54.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results 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). The business had revenue of $454.01 million for the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. Equities analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS 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 paid a dividend of $1.25 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.82%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.08%.

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.