Kayne Anderson Rudnick Investment Management LLC Buys 81,234 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 28.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 362,761 shares of the semiconductor company's stock after purchasing an additional 81,234 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.74% of Monolithic Power Systems worth $214,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Mirabella Financial Services LLP acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $5,929,000. Mirova boosted its stake in Monolithic Power Systems by 2,091.6% in the fourth quarter. Mirova now owns 3,397 shares of the semiconductor company's stock worth $2,010,000 after purchasing an additional 3,242 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Monolithic Power Systems by 1.7% during the fourth quarter. MML Investors Services LLC now owns 7,554 shares of the semiconductor company's stock worth $4,470,000 after purchasing an additional 123 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Monolithic Power Systems by 1.1% in the fourth quarter. MetLife Investment Management LLC now owns 14,950 shares of the semiconductor company's stock valued at $8,846,000 after buying an additional 164 shares in the last quarter. Finally, Natixis raised its holdings in shares of Monolithic Power Systems by 1,322.3% in the fourth quarter. Natixis now owns 60,475 shares of the semiconductor company's stock valued at $35,783,000 after buying an additional 56,223 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $25.15 during midday trading on Wednesday, reaching $536.97. The company's stock had a trading volume of 828,447 shares, compared to its average volume of 772,853. The firm has a 50 day moving average price of $584.67 and a two-hundred day moving average price of $649.63. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The firm has a market capitalization of $25.70 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data 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, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 1.16%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, March 31st. Monolithic Power Systems's dividend payout ratio is 16.97%.

Wall Street Analyst Weigh In

A number of research analysts have commented on MPWR shares. KeyCorp increased their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Loop Capital raised their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Citigroup dropped their price objective on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a report on Friday, April 11th. Stifel Nicolaus reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research note 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $826.17.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated 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 directly owns 16,015 shares in the company, 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 this link. 3.70% of the stock is currently 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.