Russell Investments Group Ltd. Cuts Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Russell Investments Group Ltd. trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 21.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,694 shares of the semiconductor company's stock after selling 7,409 shares during the period. Russell Investments Group Ltd. owned approximately 0.05% of Monolithic Power Systems worth $15,795,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MPWR. Tradewinds Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth approximately $39,000. AlphaQuest LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at approximately $41,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $47,000. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.70% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently commented on MPWR. Loop Capital lifted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. KeyCorp boosted their price target 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. Rosenblatt Securities decreased their price objective on shares of 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. Citigroup dropped their target price on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a report on Friday. Finally, Wells Fargo & Company decreased their price target on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $844.50.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $3.05 during trading hours on Tuesday, reaching $541.85. The company had a trading volume of 388,275 shares, compared to its average volume of 762,436. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The company has a 50-day moving average price of $605.64 and a 200 day moving average price of $664.36.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. This is a boost 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 1.15%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's payout ratio is currently 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.