Barclays PLC Raises Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Barclays PLC increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,859 shares of the semiconductor company's stock after purchasing an additional 10,744 shares during the quarter. Barclays PLC owned approximately 0.68% of Monolithic Power Systems worth $196,952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. Morse Asset Management Inc purchased a new position in Monolithic Power Systems during the third quarter valued at $231,000. World Investment Advisors LLC lifted its position in shares of Monolithic Power Systems by 14.6% in the third quarter. World Investment Advisors LLC now owns 822 shares of the semiconductor company's stock worth $760,000 after buying an additional 105 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Monolithic Power Systems in the third quarter worth about $23,233,000. Tidal Investments LLC boosted its stake in Monolithic Power Systems by 105.7% during the third quarter. Tidal Investments LLC now owns 6,042 shares of the semiconductor company's stock valued at $5,586,000 after buying an additional 3,105 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Monolithic Power Systems by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company's stock valued at $64,000 after buying an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

MPWR has been the subject of a number of research reports. KeyCorp increased their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Loop Capital lifted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Oppenheimer restated an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Stifel Nicolaus lowered their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday. Finally, Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $826.17.

Monolithic Power Systems Stock Down 0.2 %

MPWR traded down $1.28 during trading hours on Friday, reaching $523.58. 864,580 shares of the company's stock traded hands, compared to its average volume of 769,284. The firm has a 50-day moving average price of $595.76 and a 200 day moving average price of $659.80. The firm has a market capitalization 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, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

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%. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued 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 dividend on an annualized basis and a dividend yield of 1.19%. Monolithic Power Systems's payout ratio is presently 16.97%.

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.