Townsquare Capital LLC Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Townsquare Capital LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 80.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,384 shares of the semiconductor company's stock after purchasing an additional 7,315 shares during the quarter. Townsquare Capital LLC's holdings in Monolithic Power Systems were worth $9,695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Paragon Advisors LLC raised its holdings in shares of Monolithic Power Systems by 140.6% in the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock valued at $3,034,000 after purchasing an additional 2,997 shares in the last quarter. Perpetual Ltd increased its holdings in shares of Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after acquiring an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd bought a new position in shares of Monolithic Power Systems in the 4th quarter worth $3,182,000. Vantage Investment Partners LLC lifted its stake in shares of Monolithic Power Systems by 4.5% during the 4th quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock worth $20,545,000 after purchasing an additional 1,505 shares during the last quarter. Finally, Boston Family Office LLC boosted its position in Monolithic Power Systems by 1,031.6% during the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock valued at $1,547,000 after purchasing an additional 2,383 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

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 completion of the sale, the executive vice president now directly owns 16,015 shares in the company, valued at $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 available at this link. Insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MPWR. KeyCorp increased their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus decreased their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday. Rosenblatt Securities cut their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, Oppenheimer reissued an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $826.17.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock traded down $1.28 during trading on Friday, reaching $523.58. The company had a trading volume of 864,580 shares, compared to its average volume of 769,284. The firm has a market capitalization of $25.06 billion, a PE ratio of 14.24, a price-to-earnings-growth 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's 50-day simple moving average is $595.76 and its 200 day simple moving average is $659.80.

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 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%. Analysts anticipate 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.19%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 31st. Monolithic Power Systems's dividend payout ratio is 16.97%.

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.