ICICI Prudential Asset Management Co Ltd Invests $3.18 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

ICICI Prudential Asset Management Co Ltd acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,377 shares of the semiconductor company's stock, valued at approximately $3,182,000.

Several other large investors have also made changes to their positions in the business. Outlook Wealth Advisors LLC lifted its position in shares of Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock valued at $461,000 after acquiring an additional 12 shares in the last quarter. Greenleaf Trust lifted its position in shares of Monolithic Power Systems by 1.5% in the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company's stock valued at $905,000 after acquiring an additional 14 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in shares of Monolithic Power Systems by 4.8% in the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company's stock valued at $285,000 after acquiring an additional 14 shares in the last quarter. Graypoint LLC lifted its position in shares of Monolithic Power Systems by 3.9% in the third quarter. Graypoint LLC now owns 403 shares of the semiconductor company's stock valued at $373,000 after acquiring an additional 15 shares in the last quarter. Finally, TrinityPoint Wealth LLC lifted its position in shares of Monolithic Power Systems by 3.2% in the third quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company's stock worth $449,000 after buying an additional 15 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Down 4.2 %

NASDAQ MPWR traded down $28.73 during trading hours on Friday, hitting $661.08. 840,380 shares of the company were exchanged, compared to its average volume of 867,963. The stock has a 50-day moving average price of $636.72 and a 200 day moving average price of $747.60. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The stock has a market cap of $32.25 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its 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 net margin of 80.95% and a return on equity of 20.36%. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.94%. Monolithic Power Systems's dividend payout ratio is currently 13.60%.

Analyst Ratings Changes

MPWR has been the topic of a number of research analyst reports. Oppenheimer decreased their target price on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Loop Capital boosted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Needham & Company LLC boosted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Citigroup initiated coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a "buy" rating and a $700.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $866.17.

Insider Activity

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares of the company's stock, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. 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.