Horizon Investments LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 666 shares of the semiconductor company's stock after selling 892 shares during the period. Horizon Investments LLC's holdings in Monolithic Power Systems were worth $394,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in MPWR. FMR LLC raised its stake in Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after purchasing an additional 361,416 shares during the period. State Street Corp raised its position in shares of Monolithic Power Systems by 2.1% during the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company's stock valued at $1,930,301,000 after buying an additional 42,678 shares during the period. Geode Capital Management LLC lifted its holdings in Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock valued at $1,230,626,000 after acquiring an additional 133,838 shares during the last quarter. Van ECK Associates Corp increased its stake in Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after acquiring an additional 328,203 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Monolithic Power Systems by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company's stock valued at $207,049,000 after purchasing an additional 36,323 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MPWR has been the subject of a number of recent analyst reports. 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 research report on Friday. Citigroup initiated coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price target for the company. 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 report on Friday, February 7th. Loop Capital boosted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC lifted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $851.58.
Read Our Latest Stock Analysis on MPWR
Insider Transactions 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 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 sale, the executive vice president now owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company's stock.
Monolithic Power Systems Price Performance
Shares of MPWR stock traded up $5.04 during mid-day trading on Tuesday, hitting $632.97. The stock had a trading volume of 702,432 shares, compared to its average volume of 684,584. The firm has a market cap of $30.30 billion, a PE ratio of 17.21, a PEG ratio of 2.60 and a beta of 1.03. The company's 50-day simple moving average is $637.11 and its 200-day simple moving average is $704.09. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its 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%. On average, analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS 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. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.99%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio (DPR) is 16.97%.
About Monolithic Power Systems
(
Free Report)
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.
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