Vanguard Group Inc. Acquires 74,046 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,824,274 shares of the semiconductor company’s stock after purchasing an additional 74,046 shares during the quarter. Vanguard Group Inc. owned 0.12% of Monolithic Power Systems worth $3,446,223,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MPWR. Avantax Advisory Services Inc. grew its position in Monolithic Power Systems by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after buying an additional 14 shares in the last quarter. WP Advisors LLC grew its holdings in shares of Monolithic Power Systems by 3.2% during the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 16 shares in the last quarter. Allworth Financial LP increased its position in shares of Monolithic Power Systems by 11.5% in the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 16 shares during the period. D.A. Davidson & CO. raised its stake in Monolithic Power Systems by 5.1% in the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 19 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in Monolithic Power Systems by 12.2% during the third quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 22 shares during the period. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Rosenblatt Securities dropped 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 research report on Friday, March 21st. Loop Capital upped their target price 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. Needham & Company LLC lifted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Finally, Wells Fargo & Company decreased 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 report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction that occurred 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 through this link. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $632.97 on Wednesday. The firm has a 50 day moving average price of $637.97 and a two-hundred day moving average price of $702.87. The stock has a market cap of $30.30 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly 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 return on equity of 20.36% and a net margin of 80.95%. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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 paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase 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 currently 16.97%.

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.