Mirova Purchases 3,242 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mirova grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2,091.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,397 shares of the semiconductor company’s stock after purchasing an additional 3,242 shares during the quarter. Mirova’s holdings in Monolithic Power Systems were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $493,807,000. Van ECK Associates Corp boosted its holdings in Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after purchasing an additional 328,203 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $140,795,000. Bank of Nova Scotia grew its stake in Monolithic Power Systems by 1,320.0% in the 4th quarter. Bank of Nova Scotia now owns 161,800 shares of the semiconductor company’s stock valued at $95,737,000 after purchasing an additional 150,406 shares during the period. Finally, Marshall Wace LLP bought a new position in Monolithic Power Systems during the fourth quarter valued at about $61,968,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MPWR. Wells Fargo & Company decreased their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Oppenheimer reiterated an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Loop Capital lifted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, 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 note on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $826.17.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’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 value of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

MPWR opened at $523.58 on Friday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.60 and a beta of 1.21. The business has a 50 day simple moving average of $592.25 and a two-hundred day simple moving average of $655.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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 net margin of 80.95% and a return on equity of 20.36%. As a group, sell-side 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $1.56 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.19%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

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.