768 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 768 shares of the semiconductor company’s stock, valued at approximately $454,000.

A number of other institutional investors also recently added to or reduced their stakes in MPWR. Tradewinds Capital Management LLC raised its stake 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 valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in Monolithic Power Systems during the 4th quarter valued at about $27,000. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $39,000. AlphaQuest LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $41,000. Finally, Versant Capital Management Inc lifted its stake in shares of Monolithic Power Systems by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. KeyCorp raised their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their price target on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Needham & Company LLC upped their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities dropped their price target on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $844.50.

Insider Buying and Selling 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 transaction 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 $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $533.13 on Monday. The firm has a market capitalization of $25.52 billion, a P/E ratio of 14.50, a P/E/G ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The company’s 50 day simple moving average is $607.94 and its 200-day simple moving average is $667.06.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results 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 net margin of 80.95% and a return on equity of 20.36%. Sell-side analysts predict 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. 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 is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 1.17%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

About Monolithic Power Systems

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.