Xponance Inc. Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Xponance Inc. increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 7.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,737 shares of the semiconductor company's stock after purchasing an additional 836 shares during the period. Xponance Inc.'s holdings in Monolithic Power Systems were worth $6,945,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC boosted its position 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 buying an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the 4th quarter valued at about $27,000. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems during the fourth quarter worth about $39,000. AlphaQuest LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $41,000. Finally, Versant Capital Management Inc boosted its stake in shares of Monolithic Power Systems by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company's stock valued at $64,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded up $36.95 during trading on Monday, hitting $627.93. 1,170,829 shares of the company were exchanged, compared to its average volume of 685,730. The firm's 50 day moving average price is $636.30 and its 200-day moving average price is $705.59. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The stock has a market capitalization of $30.06 billion, a P/E ratio of 17.08, 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 issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

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

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction 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 transaction, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on MPWR. Loop Capital upped their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Rosenblatt Securities cut their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a research report on Friday. Wells Fargo & Company decreased their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday. Needham & Company LLC upped their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, KeyCorp lifted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" 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 company. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus target price of $851.58.

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.