Summit Global Investments Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Summit Global Investments grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2,278.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,614 shares of the semiconductor company's stock after buying an additional 5,378 shares during the period. Summit Global Investments' holdings in Monolithic Power Systems were worth $3,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. Paragon Advisors LLC grew its holdings in shares of Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after acquiring an additional 2,997 shares during the period. Perpetual Ltd lifted its position in Monolithic Power Systems by 1,042.4% during the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after buying an additional 2,679 shares during the period. FMR LLC boosted its holdings in shares of Monolithic Power Systems by 11.4% during the 3rd 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 purchased a new stake in shares of Monolithic Power Systems in the 3rd quarter worth about $54,201,000. Finally, ICICI Prudential Asset Management Co Ltd bought a new position in shares of Monolithic Power Systems in the 4th quarter worth about $3,182,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of MPWR traded up $2.09 during trading hours on Tuesday, hitting $630.02. The stock had a trading volume of 158,922 shares, compared to its average volume of 684,584. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a fifty day moving average price of $637.11 and a 200 day moving average price of $704.09. The firm has a market capitalization of $30.16 billion, a PE ratio of 17.17, a PEG ratio of 2.60 and a beta of 1.03.

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Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate 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, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.99%. Monolithic Power Systems's payout ratio is presently 16.97%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Oppenheimer restated an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday. Wells Fargo & Company cut their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday. Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price target on the stock. Rosenblatt Securities decreased their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a report on Friday. Finally, KeyCorp increased their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Two 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 company has an average rating of "Moderate Buy" and a consensus price target of $851.58.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Company 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.