Wells Fargo & Company MN Has $41.05 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wells Fargo & Company MN raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,376 shares of the semiconductor company's stock after purchasing an additional 11,667 shares during the quarter. Wells Fargo & Company MN owned about 0.14% of Monolithic Power Systems worth $41,050,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MPWR. Paragon Advisors LLC boosted its stake in Monolithic Power Systems by 140.6% during the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock valued at $3,034,000 after buying an additional 2,997 shares in the last quarter. Perpetual Ltd lifted its holdings 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 acquiring an additional 2,679 shares during the last quarter. ICICI Prudential Asset Management Co Ltd bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $3,182,000. Geode Capital Management LLC grew its stake in shares of Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock worth $1,230,626,000 after purchasing an additional 133,838 shares during the last quarter. Finally, Vantage Investment Partners LLC raised its holdings in shares of Monolithic Power Systems by 4.5% in the 4th quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock worth $20,545,000 after purchasing an additional 1,505 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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Monolithic Power Systems Stock Up 1.6 %

Shares of MPWR traded up $8.64 during trading hours on Tuesday, reaching $547.44. The company's stock had a trading volume of 188,768 shares, compared to its average volume of 761,560. The company has a 50 day moving average of $605.64 and a two-hundred day moving average of $664.36. The firm has a market cap of $26.20 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64.

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

Monolithic Power Systems Increases Dividend

The company also recently announced 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 of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.14%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's payout ratio is 16.97%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MPWR shares. Wells Fargo & Company reduced their target price on shares of 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. KeyCorp raised their price objective on 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 Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Needham & Company LLC upped their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Loop Capital lifted their price target 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $844.50.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.