Natixis Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Natixis grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1,322.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,475 shares of the semiconductor company's stock after acquiring an additional 56,223 shares during the period. Natixis owned about 0.12% of Monolithic Power Systems worth $35,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after acquiring an additional 74,046 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after purchasing an additional 31,295 shares during the period. Invesco Ltd. raised its holdings in Monolithic Power Systems by 7.5% during the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after buying an additional 81,412 shares during the period. Norges Bank bought a new stake in Monolithic Power Systems in the fourth quarter worth $493,807,000. Finally, Van ECK Associates Corp boosted its stake in Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after buying an additional 328,203 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were 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 in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 7.3 %

NASDAQ MPWR traded up $39.22 during trading on Thursday, hitting $576.19. The stock had a trading volume of 564,959 shares, compared to its average volume of 772,232. The company has a market capitalization of $27.59 billion, a PE ratio of 15.74, 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 50 day moving average price of $581.71 and a 200 day moving average price of $648.85.

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 return on equity of 20.36% and a net margin of 80.95%. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.56 per share. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.08%. Monolithic Power Systems's payout ratio is presently 16.97%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MPWR. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Loop Capital boosted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Citigroup decreased their target price on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut their price target on shares of 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. Finally, Rosenblatt Securities dropped 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 note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $826.17.

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.