Russell Investments Group Ltd. Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Russell Investments Group Ltd. raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,953 shares of the semiconductor company’s stock after acquiring an additional 4,018 shares during the period. Russell Investments Group Ltd.’s holdings in Monolithic Power Systems were worth $17,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MPWR. FMR LLC lifted its stake in Monolithic Power Systems by 35.0% during the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after acquiring an additional 929,009 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Monolithic Power Systems by 87.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after purchasing an additional 180,500 shares in the last quarter. Vanguard Group Inc. increased its holdings in Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after purchasing an additional 123,946 shares during the period. Rokos Capital Management LLP raised its position in Monolithic Power Systems by 133.9% in the 3rd quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock valued at $93,218,000 after purchasing an additional 115,250 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Monolithic Power Systems by 38,510.1% in the 4th quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock valued at $48,222,000 after buying an additional 76,250 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Deming Xiao sold 859 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $680.00, for a total transaction of $584,120.00. Following the transaction, the insider now owns 208,580 shares of the company’s stock, valued at $141,834,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the transaction, the chief executive officer now owns 891,232 shares in the company, valued at approximately $589,861,899.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Deming Xiao sold 859 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares of the company’s stock, valued at approximately $141,834,400. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,077 shares of company stock valued at $30,986,274. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MPWR. TD Cowen raised their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Truist Financial raised their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company upped their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $716.90.

Monolithic Power Systems Stock Down 0.8 %

Shares of NASDAQ MPWR opened at $707.22 on Friday. The stock has a market cap of $34.42 billion, a PE ratio of 84.29, a price-to-earnings-growth ratio of 3.49 and a beta of 1.22. Monolithic Power Systems, Inc. has a 52-week low of $383.19 and a 52-week high of $778.15. The business has a 50-day moving average price of $678.85 and a 200 day moving average price of $615.35.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.47%. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.25 dividend. The ex-dividend date was Wednesday, March 27th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a yield of 0.71%. Monolithic Power Systems’s payout ratio is currently 59.59%.

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.