Parnassus Investments LLC Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Parnassus Investments LLC grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,450 shares of the semiconductor company's stock after acquiring an additional 5,644 shares during the quarter. Parnassus Investments LLC owned about 0.06% of Monolithic Power Systems worth $16,834,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MPWR. EULAV Asset Management lifted its stake in shares of Monolithic Power Systems by 8.6% in the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company's stock worth $100,099,000 after purchasing an additional 8,600 shares during the period. Paragon Advisors LLC lifted its stake 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 worth $3,034,000 after purchasing an additional 2,997 shares during the period. Empowered Funds LLC lifted its stake in shares of Monolithic Power Systems by 29.0% in the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock worth $3,741,000 after purchasing an additional 909 shares during the period. Perpetual Ltd lifted its stake 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 worth $1,737,000 after purchasing an additional 2,679 shares during the period. Finally, FMR LLC raised its stake in Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after acquiring an additional 361,416 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

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Analysts Set New Price Targets

MPWR has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Oppenheimer reduced their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Citigroup began coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price objective on the stock. KeyCorp raised their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Needham & Company LLC raised their target price 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. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average target price of $866.17.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction dated 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 completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded up $34.85 on Friday, hitting $606.06. 915,963 shares of the company's stock were exchanged, compared to its average volume of 891,022. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a market capitalization of $29.01 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The business's 50 day simple moving average is $636.23 and its two-hundred day simple moving average is $718.51.

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%. Equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. 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 1.03%. 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.