Pembroke Management LTD Has $22.47 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pembroke Management LTD grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,969 shares of the semiconductor company's stock after purchasing an additional 2,444 shares during the quarter. Monolithic Power Systems comprises about 2.9% of Pembroke Management LTD's portfolio, making the stock its 12th biggest holding. Pembroke Management LTD owned about 0.08% of Monolithic Power Systems worth $22,466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in MPWR. NBC Securities Inc. increased its holdings in shares of Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 26 shares during the last quarter. West Oak Capital LLC increased its holdings in shares of Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 545 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems during the 3rd quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $39,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 41 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction dated 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 owns 16,015 shares of the company's stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares of the company's stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Down 4.2 %

Shares of NASDAQ:MPWR traded down $28.73 during trading on Friday, reaching $661.08. 846,673 shares of the company traded hands, compared to its average volume of 881,184. The company's 50 day moving average is $637.78 and its two-hundred day moving average is $746.84. The firm has a market capitalization of $32.25 billion, a PE ratio of 17.98, a PEG ratio of 2.61 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64.

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 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%. As a group, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's dividend payout ratio is currently 13.60%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp boosted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Oppenheimer reduced their price target on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Needham & Company LLC boosted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. TD Cowen reduced their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $866.17.

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.