81,178 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 81,178 shares of the semiconductor company's stock, valued at approximately $48,382,000. Resona Asset Management Co. Ltd. owned about 0.17% of Monolithic Power Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Avantax Advisory Services Inc. grew its position in shares of Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock worth $1,893,000 after buying an additional 14 shares during the last quarter. Allworth Financial LP increased its position in Monolithic Power Systems by 11.5% during the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after purchasing an additional 16 shares during the period. WP Advisors LLC lifted its position in shares of 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 during the period. Keybank National Association OH boosted its stake in shares of Monolithic Power Systems by 1.2% during the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after purchasing an additional 22 shares in the last quarter. Finally, Truvestments Capital LLC increased its position in shares of Monolithic Power Systems by 5.0% during the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock valued at $273,000 after buying an additional 22 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC raised their target price 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. Rosenblatt Securities dropped their price target on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. 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. Oppenheimer reissued an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a "buy" rating and a $700.00 target price for the company. 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $851.58.

Monolithic Power Systems Stock Down 14.6 %

Shares of Monolithic Power Systems stock traded down $81.77 during trading hours on Thursday, reaching $480.07. 694,288 shares of the stock traded hands, compared to its average volume of 963,712. The company has a 50 day moving average price of $613.29 and a 200 day moving average price of $674.60. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 13.06, 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 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%. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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. Investors of record on Monday, March 31st will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.30%. Monolithic Power Systems's payout ratio is 16.97%.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the sale, the executive vice president now directly owns 16,015 shares in the company, valued at $11,242,209.70. This trade 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 hyperlink. 3.70% of the stock is currently owned by insiders.

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.