Legal & General Group Plc Decreases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Legal & General Group Plc decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 327,178 shares of the semiconductor company's stock after selling 62,524 shares during the quarter. Legal & General Group Plc owned approximately 0.67% of Monolithic Power Systems worth $193,591,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Paragon Advisors LLC grew its position 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 buying an additional 2,997 shares during the last quarter. Perpetual Ltd boosted its holdings in Monolithic Power Systems by 1,042.4% in the fourth 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 last quarter. ICICI Prudential Asset Management Co Ltd acquired a new stake in Monolithic Power Systems during the 4th quarter valued at approximately $3,182,000. Geode Capital Management LLC increased its position in Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock valued at $1,230,626,000 after purchasing an additional 133,838 shares during the period. Finally, Vantage Investment Partners LLC raised its holdings in 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. Institutional investors own 93.46% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently weighed in on MPWR. Rosenblatt Securities lowered their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Citigroup lowered their price objective on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a research report on Friday. Loop Capital upped 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. Wells Fargo & Company lowered their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Finally, KeyCorp increased 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. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $844.50.

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 transaction, the executive vice president now directly owns 16,015 shares of the company's stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company's stock.

Monolithic Power Systems Trading Up 2.1 %

Shares of MPWR traded up $11.13 on Tuesday, reaching $549.93. The company's stock had a trading volume of 216,620 shares, compared to its average volume of 761,644. The stock has a market capitalization of $26.32 billion, a PE ratio of 14.96, a PEG ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a fifty day moving average of $605.64 and a 200-day moving average of $664.36.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS 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%. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS 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. Shareholders of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.13%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's payout ratio is currently 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.