Fmr LLC Has $1.85 Billion Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

FMR LLC reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 11.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,118,147 shares of the semiconductor company's stock after selling 401,229 shares during the quarter. FMR LLC owned about 6.39% of Monolithic Power Systems worth $1,845,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Monolithic Power Systems in the fourth quarter valued at about $493,807,000. Van ECK Associates Corp grew its position in shares of Monolithic Power Systems by 73.3% during 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 during the period. Raymond James Financial Inc. bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $140,795,000. Geode Capital Management LLC raised its position in shares of Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock valued at $1,230,626,000 after acquiring an additional 133,838 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in Monolithic Power Systems by 39.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 358,777 shares of the semiconductor company's stock worth $212,288,000 after acquiring an additional 101,156 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of the company'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 sale, the executive vice president now directly owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup lowered their target price on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a research note on Friday. Needham & Company LLC raised 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. Loop Capital boosted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Rosenblatt Securities lowered their price target on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, Oppenheimer reiterated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $844.50.

Monolithic Power Systems Trading Up 10.0 %

Shares of NASDAQ MPWR traded up $48.42 during midday trading on Friday, reaching $533.13. The company's stock had a trading volume of 2,218,553 shares, compared to its average volume of 760,335. The stock has a 50 day simple moving average of $607.94 and a 200-day simple moving average of $668.99. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly 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 return on equity of 20.36% and a net margin of 80.95%. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 1.17%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.97%.

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.