Polymer Capital Management HK LTD Acquires 3,450 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Polymer Capital Management HK LTD raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 530.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,100 shares of the semiconductor company's stock after acquiring an additional 3,450 shares during the period. Polymer Capital Management HK LTD's holdings in Monolithic Power Systems were worth $2,426,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MPWR. Avantax Advisory Services Inc. raised its holdings in Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after buying an additional 14 shares during the last quarter. WP Advisors LLC boosted its stake in Monolithic Power Systems by 3.2% in the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock worth $309,000 after purchasing an additional 16 shares in the last quarter. Allworth Financial LP lifted its position in Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after acquiring an additional 16 shares in the last quarter. Keybank National Association OH boosted its position in shares of Monolithic Power Systems by 1.2% during the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after buying an additional 22 shares during the last quarter. Finally, Truvestments Capital LLC raised its position in Monolithic Power Systems by 5.0% in the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after buying an additional 22 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

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Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $37.15 during midday trading on Friday, reaching $521.86. 707,303 shares of the stock traded hands, compared to its average volume of 753,489. The company's 50 day moving average is $610.40 and its 200 day moving average is $671.64. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The stock has a market capitalization of $24.98 billion, a PE ratio of 14.01, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released 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 net margin of 80.95% and a return on equity of 20.36%. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.20%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's payout ratio is presently 16.97%.

Analyst Ratings Changes

MPWR has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on 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. Oppenheimer reiterated an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities cut their price objective on 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. Loop Capital raised their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average target price of $851.58.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm'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 owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.70% of the company's stock.

About Monolithic Power Systems

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.