Royal London Asset Management Ltd. Has $17.06 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Royal London Asset Management Ltd. boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,834 shares of the semiconductor company's stock after buying an additional 1,445 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.06% of Monolithic Power Systems worth $17,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MPWR. Paragon Advisors LLC boosted its stake in shares of Monolithic Power Systems by 140.6% in the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock valued at $3,034,000 after purchasing an additional 2,997 shares in the last quarter. Perpetual Ltd lifted its stake in Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after purchasing an additional 2,679 shares during the last quarter. FMR LLC boosted its position in Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after buying an additional 361,416 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Monolithic Power Systems during the third quarter worth $54,201,000. Finally, ICICI Prudential Asset Management Co Ltd bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth $3,182,000. Institutional investors own 93.46% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have recently commented on MPWR shares. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday. Wells Fargo & Company dropped their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday. Rosenblatt Securities reduced their price target on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday. Needham & Company LLC upped their price objective 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. Finally, KeyCorp lifted their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $851.58.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $3.29 during trading on Tuesday, reaching $631.22. The stock had a trading volume of 124,308 shares, compared to its average volume of 684,584. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The firm's fifty day moving average is $637.11 and its 200 day moving average is $704.09. The stock has a market cap of $30.21 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS 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%. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 0.99%. Monolithic Power Systems's payout ratio is 16.97%.

Insiders Place Their Bets

In other Monolithic Power Systems 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 value of $4,913,860.00. Following the completion of the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company's stock.

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.