Mirova Has $2.01 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mirova grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2,091.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,397 shares of the semiconductor company's stock after buying an additional 3,242 shares during the quarter. Mirova's holdings in Monolithic Power Systems were worth $2,010,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MPWR. Tradewinds Capital Management LLC boosted its position in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $39,000. AlphaQuest LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $41,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Monolithic Power Systems during the fourth quarter worth $47,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded up $43.78 during midday trading on Thursday, reaching $580.75. The company had a trading volume of 1,045,862 shares, compared to its average volume of 773,943. The stock has a fifty day moving average price of $581.71 and a 200 day moving average price of $648.85. 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 cap of $27.80 billion, a PE ratio of 15.79, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.56 dividend. The ex-dividend date was Monday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.07%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.97%.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 sale, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of research analyst reports. Loop Capital lifted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. KeyCorp upped their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Rosenblatt Securities reduced their price target on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, Stifel Nicolaus lowered their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $826.17.

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.