Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Lifted by Advisory Services Network LLC

Advisory Services Network LLC boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 210.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,910 shares of the semiconductor company's stock after purchasing an additional 1,295 shares during the quarter. Advisory Services Network LLC's holdings in Monolithic Power Systems were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia boosted its holdings in shares of Monolithic Power Systems by 1,320.0% in the 4th quarter. Bank of Nova Scotia now owns 161,800 shares of the semiconductor company's stock valued at $95,737,000 after purchasing an additional 150,406 shares during the last quarter. FIL Ltd raised its holdings in shares of Monolithic Power Systems by 86.3% in the 4th quarter. FIL Ltd now owns 598 shares of the semiconductor company's stock worth $354,000 after purchasing an additional 277 shares during the period. Rathbones Group PLC raised its holdings in shares of Monolithic Power Systems by 201.3% in the 4th quarter. Rathbones Group PLC now owns 3,507 shares of the semiconductor company's stock worth $2,075,000 after purchasing an additional 2,343 shares during the period. Invesco Ltd. lifted its stake in shares of Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after purchasing an additional 81,412 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Monolithic Power Systems by 3.4% during the 4th quarter. Bank of Montreal Can now owns 47,162 shares of the semiconductor company's stock worth $27,906,000 after purchasing an additional 1,535 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

MPWR traded down $1.28 during trading 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 1-year low of $438.86 and a 1-year high of $959.64. The company has a market cap of $25.06 billion, a PE ratio of 14.24, a P/E/G ratio of 2.60 and a beta of 1.21. The business has a 50-day moving average of $595.76 and a 200-day moving average of $659.80.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) 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%. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.56 dividend. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend 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

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction 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. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

MPWR has been the topic of several research reports. Citigroup cut 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 report on Friday, April 11th. Rosenblatt Securities decreased their price target on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Finally, Oppenheimer reiterated an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $826.17.

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.