American Century Companies Inc. Has $115.77 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

American Century Companies Inc. cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,663 shares of the semiconductor company's stock after selling 29,893 shares during the period. American Century Companies Inc. owned approximately 0.40% of Monolithic Power Systems worth $115,774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Paragon Advisors LLC grew its position in shares of Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after buying an additional 2,997 shares during the period. Perpetual Ltd boosted its stake in Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock worth $1,737,000 after acquiring an additional 2,679 shares during the last quarter. FMR LLC grew its holdings in Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after purchasing an additional 361,416 shares during the period. Holocene Advisors LP acquired a new position in shares of Monolithic Power Systems during the third quarter worth about $54,201,000. Finally, ICICI Prudential Asset Management Co Ltd bought a new position in shares of Monolithic Power Systems during the fourth quarter worth about $3,182,000. Institutional investors own 93.46% of the company's stock.

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Monolithic Power Systems Price Performance

MPWR stock traded up $7.12 during midday trading on Tuesday, reaching $635.05. 267,000 shares of the company were exchanged, compared to its average volume of 684,584. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The firm has a market capitalization of $30.40 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The business has a 50-day moving average price of $637.11 and a two-hundred day moving average price of $704.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 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%. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 0.98%. Monolithic Power Systems's payout ratio is 16.97%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MPWR. Rosenblatt Securities reduced their price target on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research report on Friday. Citigroup initiated coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They set a "buy" rating and a $700.00 price objective for the company. Loop Capital lifted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target 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. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $851.58.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.70% of the company's stock.

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.