Schroder Investment Management Group Has $12.49 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Schroder Investment Management Group cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 32.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,727 shares of the semiconductor company's stock after selling 9,770 shares during the period. Schroder Investment Management Group's holdings in Monolithic Power Systems were worth $12,486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Captrust Financial Advisors increased its stake in shares of Monolithic Power Systems by 9.1% in the third quarter. Captrust Financial Advisors now owns 1,752 shares of the semiconductor company's stock valued at $1,620,000 after buying an additional 146 shares in the last quarter. Verition Fund Management LLC grew its holdings in Monolithic Power Systems by 150.2% during the 3rd quarter. Verition Fund Management LLC now owns 1,211 shares of the semiconductor company's stock worth $1,120,000 after acquiring an additional 727 shares during the last quarter. Janus Henderson Group PLC increased its position in Monolithic Power Systems by 55.3% in the 3rd quarter. Janus Henderson Group PLC now owns 5,996 shares of the semiconductor company's stock valued at $5,545,000 after acquiring an additional 2,134 shares in the last quarter. Investment Management Corp of Ontario increased its position in Monolithic Power Systems by 46.3% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,579 shares of the semiconductor company's stock valued at $1,460,000 after acquiring an additional 500 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the third quarter worth about $215,000. 93.46% of the stock is owned by institutional investors and hedge funds.

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Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded down $33.43 on Tuesday, hitting $455.19. The company had a trading volume of 1,587,778 shares, compared to its average volume of 737,983. The firm has a market capitalization of $21.79 billion, a P/E ratio of 12.38, a P/E/G ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The stock has a 50-day moving average of $616.29 and a 200-day moving average of $677.70.

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

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.97%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Loop Capital raised their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, Rosenblatt Securities dropped their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" 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 given a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average target price of $851.58.

Insider Transactions at Monolithic Power Systems

In other 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 value of $4,913,860.00. Following the completion of the transaction, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by insiders.

About Monolithic Power Systems

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.