Polymer Capital Management HK LTD Acquires 3,450 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Polymer Capital Management HK LTD raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 530.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,100 shares of the semiconductor company’s stock after acquiring an additional 3,450 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Monolithic Power Systems were worth $2,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Monolithic Power Systems by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company’s stock worth $3,446,223,000 after buying an additional 74,046 shares during the period. State Street Corp increased its position in Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after acquiring an additional 42,678 shares during the period. Geode Capital Management LLC raised its stake in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock worth $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Norges Bank bought a new stake in Monolithic Power Systems in the 4th quarter valued at about $493,807,000. Finally, Van ECK Associates Corp boosted its holdings in Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after purchasing an additional 328,203 shares during the period. Institutional investors own 93.46% of the company’s stock.

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 value of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, 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 is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Down 4.3 %

Shares of MPWR stock opened at $477.39 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $451.29 and a twelve month high of $959.64. The stock’s fifty day simple moving average is $625.06 and its 200 day simple moving average is $686.54. The firm has a market capitalization of $22.85 billion, a P/E ratio of 12.98, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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 expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. This is an increase 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 1.31%. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s payout ratio is presently 16.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. KeyCorp lifted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Rosenblatt Securities cut their target price on 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. Needham & Company LLC raised their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Citigroup initiated coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Finally, Wells Fargo & Company reduced their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $851.58.

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.