Aware Super Pty Ltd as trustee of Aware Super Makes New $15.57 Million Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,308 shares of the semiconductor company's stock, valued at approximately $15,566,000. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.05% of Monolithic Power Systems as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after buying an additional 74,046 shares during the period. Geode Capital Management LLC increased its position in shares of Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after acquiring an additional 31,295 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Monolithic Power Systems by 7.5% during the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after buying an additional 81,412 shares during the last quarter. Norges Bank bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $493,807,000. Finally, Van ECK Associates Corp lifted its holdings in Monolithic Power Systems by 73.3% during the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after buying an additional 328,203 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction on 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. The trade was a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on MPWR shares. Citigroup cut their price target on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company decreased 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 note on Friday, March 21st. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average target price of $826.17.

Monolithic Power Systems Trading Down 0.2 %

MPWR stock 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 769,750. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The business has a 50-day moving average of $592.25 and a 200-day moving average of $657.26. The stock has a market cap of $25.06 billion, a PE ratio of 14.24, a PEG ratio of 2.60 and a beta of 1.21.

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

Monolithic Power Systems Increases Dividend

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

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.