CANADA LIFE ASSURANCE Co Acquires 30,878 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

CANADA LIFE ASSURANCE Co increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 81.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,991 shares of the semiconductor company's stock after purchasing an additional 30,878 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.14% of Monolithic Power Systems worth $40,800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings 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 in the last quarter. Geode Capital Management LLC grew its holdings in Monolithic Power Systems by 2.3% in 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 period. Invesco Ltd. grew its holdings in Monolithic Power Systems by 7.5% in 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 period. Norges Bank purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $493,807,000. Finally, Van ECK Associates Corp boosted its position in shares of Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after purchasing an additional 328,203 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup lowered their price objective on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company dropped 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 note on Friday, March 21st. Loop Capital raised their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Stifel Nicolaus decreased their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $826.17.

Monolithic Power Systems Trading Up 8.1 %

Shares of MPWR traded up $43.47 during trading hours on Thursday, reaching $580.44. 314,628 shares of the stock traded hands, compared to its average volume of 771,202. The company has a market cap of $27.79 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The company's 50-day moving average price is $581.71 and its two-hundred day moving average price is $648.85. 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 posted 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 return on equity of 20.36% and a net margin of 80.95%. On average, 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. Stockholders of record on Monday, March 31st were issued a $1.56 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 1.08%. Monolithic Power Systems's payout ratio is 16.97%.

Insider Activity

In other Monolithic Power Systems 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 value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares of the company's stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.70% of the company's stock.

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.