Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,633 shares of the semiconductor company’s stock after purchasing an additional 7,911 shares during the period. AQR Capital Management LLC’s holdings in Monolithic Power Systems were worth $52,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its holdings 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 buying an additional 24 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at about $27,000. West Oak Capital LLC raised its stake in shares of 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 purchasing an additional 545 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MPWR. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Loop Capital upped their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities reduced their price objective 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. KeyCorp upped their target price 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. Finally, Citigroup reduced their price target on Monolithic Power Systems from $800.00 to $615.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $826.17.

Insider Activity

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,015 shares in the company, 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $601.63 on Friday. The firm has a market capitalization of $28.80 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. The business’s 50 day moving average price is $570.89 and its 200-day moving average price is $634.57. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter last year, the business earned $2.81 earnings per share. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $1.56 per share. 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 1.04%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is presently 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.