Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 81.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,259 shares of the semiconductor company's stock after purchasing an additional 1,462 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Monolithic Power Systems were worth $1,928,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 worth $3,446,223,000 after acquiring an additional 74,046 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 31,295 shares during the last quarter. Invesco Ltd. raised its holdings in Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after purchasing an additional 81,412 shares during the last quarter. Norges Bank purchased a new stake in Monolithic Power Systems during the fourth quarter worth $493,807,000. Finally, Van ECK Associates Corp grew its holdings in Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock valued at $459,174,000 after purchasing an additional 328,203 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Up 0.5 %

NASDAQ:MPWR traded up $2.97 during mid-day trading on Friday, hitting $583.72. The company had a trading volume of 508,713 shares, compared to its average volume of 772,909. The business has a fifty day simple moving average of $579.62 and a 200-day simple moving average of $646.44. The firm has a market capitalization of $27.95 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.07%. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.97%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MPWR shares. Citigroup decreased their price objective 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. Wells Fargo & Company lowered their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Oppenheimer restated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. 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. Finally, Loop Capital raised their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus 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.