Fox Run Management L.L.C. Acquires 876 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Fox Run Management L.L.C. grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 127.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,566 shares of the semiconductor company's stock after acquiring an additional 876 shares during the quarter. Fox Run Management L.L.C.'s holdings in Monolithic Power Systems were worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Paragon Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 140.6% in the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after buying an additional 2,997 shares during the last quarter. Perpetual Ltd raised its stake in Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after acquiring an additional 2,679 shares during the period. FMR LLC boosted its holdings in Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after buying an additional 361,416 shares during the period. Holocene Advisors LP bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $54,201,000. Finally, ICICI Prudential Asset Management Co Ltd purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $3,182,000. Institutional investors own 93.46% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently weighed in on MPWR. Loop Capital upped their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 target price on the stock. Rosenblatt Securities cut their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a report on Friday. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday. 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 on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $851.58.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems 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 transaction, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Up 0.8 %

Shares of NASDAQ:MPWR traded up $5.04 during midday trading on Tuesday, hitting $632.97. 702,425 shares of the stock traded hands, compared to its average volume of 905,892. The stock has a market capitalization of $30.30 billion, a PE ratio of 17.21, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The business's 50 day moving average is $637.11 and its two-hundred day moving average is $704.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.99%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.97%.

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.