Price T Rowe Associates Inc. MD Purchases 214,395 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Price T Rowe Associates Inc. MD lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,528,301 shares of the semiconductor company's stock after purchasing an additional 214,395 shares during the quarter. Price T Rowe Associates Inc. MD owned 3.13% of Monolithic Power Systems worth $904,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Monolithic Power Systems during the 4th quarter worth about $493,807,000. Van ECK Associates Corp lifted 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 purchasing an additional 328,203 shares during the period. Raymond James Financial Inc. acquired a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $140,795,000. Bank of Nova Scotia grew its stake in shares of Monolithic Power Systems by 1,320.0% in the 4th quarter. Bank of Nova Scotia now owns 161,800 shares of the semiconductor company's stock valued at $95,737,000 after purchasing an additional 150,406 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $61,968,000. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MPWR shares. Oppenheimer reiterated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Citigroup dropped their price objective on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a report on Friday, April 11th. Loop Capital boosted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Needham & Company LLC increased their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, 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 report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $826.17.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $2.97 during midday trading on Friday, hitting $583.72. The stock had a trading volume of 508,713 shares, compared to its average volume of 775,751. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The firm has a market cap of $27.95 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The company's 50-day simple moving average is $577.48 and its 200 day simple moving average is $642.07.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data 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 expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.56 dividend. The ex-dividend date was Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio is 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.