Geode Capital Management LLC Buys 31,295 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Geode Capital Management LLC grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,365,459 shares of the semiconductor company’s stock after acquiring an additional 31,295 shares during the quarter. Geode Capital Management LLC owned 2.80% of Monolithic Power Systems worth $807,158,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MPWR. Tradewinds Capital Management LLC boosted its stake in Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new position in Monolithic Power Systems in the fourth quarter worth about $27,000. West Oak Capital LLC raised its holdings in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after buying an additional 545 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter worth approximately $39,000. Finally, AlphaQuest LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $41,000. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated Friday, February 7th. The stock was 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 in the company, valued at approximately $11,242,209.70. This trade represents 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 currently owned by company insiders.

Monolithic Power Systems Stock Up 1.6 %

NASDAQ MPWR opened at $590.65 on Thursday. Monolithic Power Systems, Inc. has a 52 week low of $540.18 and a 52 week high of $959.64. The company has a market capitalization of $28.27 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The stock’s 50-day moving average price is $633.08 and its 200-day moving average price is $691.97.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.06%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Loop Capital boosted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. KeyCorp boosted their price target 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 dropped 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, March 21st. Oppenheimer reissued an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.