Stevens Capital Management LP Has $525,000 Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Stevens Capital Management LP raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 147.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 887 shares of the semiconductor company's stock after purchasing an additional 528 shares during the period. Stevens Capital Management LP's holdings in Monolithic Power Systems were worth $525,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after purchasing an additional 361,416 shares in the last quarter. State Street Corp grew its stake in shares of Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company's stock worth $1,930,301,000 after buying an additional 42,678 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock worth $1,230,626,000 after buying an additional 133,838 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after buying an additional 328,203 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Monolithic Power Systems by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company's stock worth $207,049,000 after buying an additional 36,323 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MPWR. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday. KeyCorp boosted 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 note on Friday, February 7th. Rosenblatt Securities decreased their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a research note on Friday. Wells Fargo & Company decreased their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $851.58.

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Monolithic Power Systems Trading Down 3.0 %

Shares of MPWR opened at $590.98 on Monday. The stock has a market capitalization of $28.29 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The firm's fifty day simple moving average is $636.30 and its two-hundred day simple moving average is $705.59. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64.

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%. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.06%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio is 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.

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