Rathbones Group PLC Buys 2,343 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Rathbones Group PLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 201.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,507 shares of the semiconductor company's stock after buying an additional 2,343 shares during the quarter. Rathbones Group PLC's holdings in Monolithic Power Systems were worth $2,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. lifted its holdings in Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock worth $1,893,000 after purchasing an additional 14 shares during the last quarter. WP Advisors LLC increased its position in Monolithic Power Systems by 3.2% during the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock worth $309,000 after acquiring an additional 16 shares during the period. Allworth Financial LP raised its stake in Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock worth $92,000 after purchasing an additional 16 shares in the last quarter. Keybank National Association OH boosted its holdings in Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after purchasing an additional 22 shares during the period. Finally, Truvestments Capital LLC grew its position in shares of Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after purchasing an additional 22 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several research firms recently weighed in on MPWR. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. 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. 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 report on Friday, March 21st. KeyCorp boosted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, Citigroup reduced their price objective on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus price target of $844.50.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value 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 trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR traded up $11.27 during trading hours on Monday, reaching $544.40. The company's stock had a trading volume of 283,308 shares, compared to its average volume of 759,917. The firm has a market capitalization of $26.06 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The firm has a 50-day simple moving average of $607.94 and a 200-day simple moving average of $667.06.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results 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%. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's payout ratio is presently 16.97%.

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.