Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,416 shares of the semiconductor company's stock after buying an additional 1,300 shares during the quarter. Sei Investments Co. owned about 0.41% of Monolithic Power Systems worth $117,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mizuho Securities USA LLC grew its holdings in Monolithic Power Systems by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 4,623 shares of the semiconductor company's stock valued at $2,735,000 after purchasing an additional 1,462 shares during the last quarter. Summit Global Investments boosted its position in shares of Monolithic Power Systems by 2,278.8% during the fourth quarter. Summit Global Investments now owns 5,614 shares of the semiconductor company's stock valued at $3,322,000 after buying an additional 5,378 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Monolithic Power Systems by 4.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 20,862 shares of the semiconductor company's stock valued at $12,344,000 after buying an additional 872 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Monolithic Power Systems by 3.1% in the fourth quarter. Whittier Trust Co. now owns 41,532 shares of the semiconductor company's stock worth $24,574,000 after buying an additional 1,242 shares during the period. Finally, Blueshift Asset Management LLC lifted its stake in shares of Monolithic Power Systems by 184.1% during the 4th quarter. Blueshift Asset Management LLC now owns 1,318 shares of the semiconductor company's stock worth $780,000 after acquiring an additional 854 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $0.97 during trading hours on Thursday, reaching $601.44. The stock had a trading volume of 707,023 shares, compared to its average volume of 687,649. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The business's 50 day moving average price is $637.94 and its 200-day moving average price is $702.15. The company has a market cap of $28.79 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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%. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.56 dividend. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. 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 1.04%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.97%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 completion of the sale, the executive vice president now owns 16,015 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MPWR. Wells Fargo & Company reduced their target price 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 raised 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. Loop Capital boosted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Rosenblatt Securities reduced their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Finally, Citigroup assumed coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price objective on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $851.58.

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.