Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 57.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,116 shares of the semiconductor company's stock after buying an additional 22,634 shares during the period. Monolithic Power Systems comprises 3.3% of Grandeur Peak Global Advisors LLC's portfolio, making the stock its 7th largest holding. Grandeur Peak Global Advisors LLC owned approximately 0.13% of Monolithic Power Systems worth $36,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MPWR. Morse Asset Management Inc acquired a new stake in shares of Monolithic Power Systems during the third quarter worth $231,000. EP Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the 3rd quarter worth about $454,000. Barclays PLC grew its holdings in Monolithic Power Systems by 5.0% in the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock valued at $297,799,000 after buying an additional 15,350 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Monolithic Power Systems by 386.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 19,500 shares of the semiconductor company's stock valued at $18,028,000 after acquiring an additional 15,493 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 14.6% during the 3rd quarter. World Investment Advisors LLC now owns 822 shares of the semiconductor company's stock worth $760,000 after acquiring an additional 105 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

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Monolithic Power Systems Trading Up 1.1 %

NASDAQ MPWR traded up $5.67 on Monday, reaching $538.80. The stock had a trading volume of 1,291,269 shares, compared to its average volume of 763,796. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The business has a 50 day moving average price of $605.64 and a 200 day moving average price of $664.36. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal 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 1.16%. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio (DPR) is 16.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MPWR. Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Oppenheimer reiterated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Citigroup cut their price target on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a report on Friday. Wells Fargo & Company decreased their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. 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 report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $844.50.

Insider Activity

In other news, EVP Maurice Sciammas sold 7,000 shares of the company's 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.70% of the stock is owned by company insiders.

About Monolithic Power Systems

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.