Arrowstreet Capital Limited Partnership Buys New Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Arrowstreet Capital Limited Partnership purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 768 shares of the semiconductor company's stock, valued at approximately $454,000.

A number of other hedge funds also recently bought and sold shares of the business. Tradewinds Capital Management LLC increased its stake in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems in the 4th quarter worth about $27,000. West Oak Capital LLC increased its stake in Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after buying an additional 545 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $39,000. Finally, AlphaQuest LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock traded down $1.28 during trading hours on Friday, hitting $523.58. The company had a trading volume of 864,580 shares, compared to its average volume of 769,284. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company's fifty day moving average is $595.76 and its 200 day moving average is $659.80. The stock has a market capitalization of $25.06 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.56 dividend. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.19%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.97%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares of the company's stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MPWR shares. Needham & Company LLC increased their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Loop Capital increased their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Citigroup lowered their price target on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. KeyCorp increased their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Rosenblatt Securities lowered their target price on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $826.17.

Monolithic Power Systems Company 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.