Invesco Ltd. Purchases 81,412 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Invesco Ltd. grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,162,482 shares of the semiconductor company's stock after buying an additional 81,412 shares during the period. Invesco Ltd. owned 2.38% of Monolithic Power Systems worth $687,841,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Paragon Advisors LLC raised its holdings in Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after purchasing an additional 2,997 shares during the last quarter. Perpetual Ltd lifted its holdings in Monolithic Power Systems by 1,042.4% in the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after buying an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd bought a new stake in Monolithic Power Systems during the fourth quarter valued at $3,182,000. Geode Capital Management LLC grew its holdings in Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock worth $1,230,626,000 after acquiring an additional 133,838 shares during the period. Finally, Vantage Investment Partners LLC raised its position in shares of Monolithic Power Systems by 4.5% in the 4th quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock worth $20,545,000 after acquiring an additional 1,505 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

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Monolithic Power Systems Stock Performance

MPWR traded up $48.42 during mid-day trading on Friday, reaching $533.13. 2,218,553 shares of the stock were exchanged, compared to its average volume of 761,686. The company has a 50 day moving average price of $607.94 and a two-hundred day moving average price of $667.06. The stock has a market capitalization of $25.52 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its 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%. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business 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 an increase 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 1.17%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's payout ratio is 16.97%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price target on 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. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Loop Capital increased their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Citigroup dropped their price target on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a research note on Friday. Finally, KeyCorp raised their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $844.50.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business'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 transaction, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by insiders.

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.