Adage Capital Partners GP L.L.C. Has $55.38 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Adage Capital Partners GP L.L.C. grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 31.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,600 shares of the semiconductor company's stock after purchasing an additional 22,600 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.19% of Monolithic Power Systems worth $55,383,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after acquiring an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after acquiring an additional 214,395 shares during the period. Geode Capital Management LLC raised its stake in Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after acquiring an additional 31,295 shares during the period. Invesco Ltd. raised its stake in Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after acquiring an additional 81,412 shares during the period. Finally, Norges Bank acquired a new stake in Monolithic Power Systems during the fourth quarter worth about $493,807,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Down 0.5 %

Shares of NASDAQ:MPWR traded down $2.95 on Tuesday, reaching $582.26. The company had a trading volume of 247,128 shares, compared to its average volume of 772,916. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The stock has a 50-day moving average price of $575.34 and a 200 day moving average price of $637.59. The stock has a market capitalization of $27.88 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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%. On average, sell-side 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 was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's payout ratio is currently 16.97%.

Analysts Set New Price Targets

MPWR has been the subject of several recent analyst reports. Oppenheimer restated an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. KeyCorp lifted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Loop Capital increased their price objective 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. Rosenblatt Securities decreased their target price on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, Citigroup decreased their target price on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $826.17.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the business's 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 transaction, the executive vice president now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

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.