DF Dent & Co. Inc. Boosts Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

DF Dent & Co. Inc. raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 86.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,539 shares of the semiconductor company's stock after buying an additional 72,295 shares during the period. DF Dent & Co. Inc. owned about 0.32% of Monolithic Power Systems worth $92,032,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Monolithic Power Systems by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after buying an additional 74,046 shares during the period. State Street Corp grew its stake in shares of Monolithic Power Systems by 2.1% in the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company's stock worth $1,930,301,000 after acquiring an additional 42,678 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 2.3% in the 4th 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 in the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $493,807,000. Finally, Van ECK Associates Corp increased its holdings in 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 buying an additional 328,203 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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Monolithic Power Systems Trading Up 0.5 %

Shares of MPWR stock traded up $2.25 during mid-day trading on Tuesday, reaching $490.87. The stock had a trading volume of 328,342 shares, compared to its average volume of 732,500. Monolithic Power Systems, Inc. has a 1-year low of $442.69 and a 1-year high of $959.64. The firm has a market cap of $23.50 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 2.60 and a beta of 1.21. The business's fifty day moving average is $622.81 and its 200-day moving average is $682.34.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data 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 return on equity of 20.36% and a net margin of 80.95%. On average, analysts forecast 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 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 is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.27%. Monolithic Power Systems's dividend payout ratio is presently 16.97%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MPWR shares. Loop Capital lifted their price target 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. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. KeyCorp raised their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Rosenblatt Securities lowered their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company lowered their price objective on shares of 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $851.58.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the company's 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 of the company's stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by insiders.

About Monolithic Power Systems

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.