Migdal Insurance & Financial Holdings Ltd. Has $90,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Migdal Insurance & Financial Holdings Ltd. cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 142 shares of the semiconductor company’s stock after selling 43 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Monolithic Power Systems were worth $90,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MPWR. Achmea Investment Management B.V. bought a new position in shares of Monolithic Power Systems during the first quarter worth about $27,000. Sunbelt Securities Inc. bought a new position in shares of Monolithic Power Systems during the first quarter worth about $37,000. Arlington Trust Co LLC grew its holdings 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 worth $40,000 after buying an additional 23 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Monolithic Power Systems during the third quarter worth about $43,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Monolithic Power Systems in the fourth quarter valued at approximately $43,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MPWR. Oppenheimer raised their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. TD Cowen raised their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Needham & Company LLC raised their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, KeyCorp raised their price target on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $670.30.

Monolithic Power Systems Trading Down 2.7 %

Shares of NASDAQ MPWR opened at $620.31 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The stock has a 50 day moving average of $697.55 and a 200-day moving average of $601.37. The company has a market capitalization of $30.18 billion, a P/E ratio of 70.81, a P/E/G ratio of 3.41 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate 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 business had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. Analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS 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 issued a dividend of $1.25 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 0.81%. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.08%.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares of the company’s stock, valued at approximately $51,137,143.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares of the company’s stock, valued at approximately $51,137,143.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $602.01, for a total value of $4,816,080.00. Following the sale, the chief executive officer now directly owns 921,774 shares of the company’s stock, valued at $554,917,165.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,077 shares of company stock valued at $30,357,479. Insiders own 3.20% of the company’s stock.

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.