Quantinno Capital Management LP Raises Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Quantinno Capital Management LP grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 24.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,662 shares of the semiconductor company's stock after buying an additional 1,482 shares during the period. Quantinno Capital Management LP's holdings in Monolithic Power Systems were worth $7,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MPWR. FMR LLC lifted its stake in shares of Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after buying an additional 361,416 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Monolithic Power Systems by 311.8% in the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company's stock worth $153,319,000 after buying an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company's stock worth $117,826,000 after purchasing an additional 136,391 shares during the period. International Assets Investment Management LLC raised its stake in Monolithic Power Systems by 92,842.9% during the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company's stock worth $114,281,000 after purchasing an additional 123,481 shares during the period. Finally, Jennison Associates LLC raised its stake in Monolithic Power Systems by 14,315.6% during the third quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company's stock worth $94,223,000 after purchasing an additional 101,211 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the transaction, the chief financial officer now owns 59,178 shares in the company, valued at $53,754,928.08. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now owns 103,829 shares of the company's stock, valued at $96,518,400.11. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,600 shares of company stock worth $15,653,021. Corporate insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock traded up $17.36 during trading on Friday, reaching $589.68. The company's stock had a trading volume of 734,432 shares, compared to its average volume of 1,308,833. The company has a market capitalization of $28.76 billion, a price-to-earnings ratio of 66.48, a P/E/G ratio of 2.77 and a beta of 1.05. The stock's 50-day moving average price is $761.58 and its 200 day moving average price is $811.94. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 56.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Wells Fargo & Company assumed coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They set an "equal weight" rating and a $610.00 target price on the stock. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Needham & Company LLC reduced their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $840.36.

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.