Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Cynosure Group LLC

Cynosure Group LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 628.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,432 shares of the semiconductor company's stock after acquiring an additional 2,961 shares during the quarter. Cynosure Group LLC's holdings in Monolithic Power Systems were worth $2,031,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Trexquant Investment LP raised its position in Monolithic Power Systems by 261.8% in the fourth quarter. Trexquant Investment LP now owns 15,706 shares of the semiconductor company's stock worth $9,293,000 after acquiring an additional 11,365 shares in the last quarter. Boston Family Office LLC boosted its position in shares of Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock worth $1,547,000 after acquiring an additional 2,383 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after buying an additional 31,295 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Monolithic Power Systems by 18.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,713 shares of the semiconductor company's stock worth $1,014,000 after purchasing an additional 267 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Monolithic Power Systems during the 4th quarter valued at $454,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

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Monolithic Power Systems Stock Performance

MPWR traded down $5.36 on Monday, hitting $472.03. 636,594 shares of the company were exchanged, compared to its average volume of 729,325. The stock has a market capitalization of $22.59 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 12 month low of $425.62 and a 12 month high of $959.64. The firm has a fifty day simple moving average of $625.06 and a two-hundred day simple moving average of $685.32.

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 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, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm 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 dividend of $1.56 per share. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.97%.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of analyst reports. Rosenblatt Securities decreased their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Citigroup initiated coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price target for the company. Wells Fargo & Company cut their price objective 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. KeyCorp lifted their price target 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. 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 report on Friday, February 7th. Two 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $851.58.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the firm'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 completion of the transaction, 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 SEC, which is available at this hyperlink. 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.