Alyeska Investment Group L.P. acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 191,900 shares of the semiconductor company's stock, valued at approximately $113,547,000. Alyeska Investment Group L.P. owned about 0.39% of Monolithic Power Systems as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Monolithic Power Systems by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after acquiring an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after purchasing an additional 214,395 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 valued at $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Invesco Ltd. grew its stake in Monolithic Power Systems by 7.5% in the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after purchasing an additional 81,412 shares in the last quarter. Finally, Norges Bank bought a new stake in Monolithic Power Systems in the fourth quarter valued at about $493,807,000. 93.46% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Monolithic Power Systems
In related news, EVP Maurice Sciammas sold 7,000 shares of the firm'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 $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company's stock.
Monolithic Power Systems Trading Down 1.5 %
MPWR traded down $9.49 during trading hours on Monday, hitting $627.40. The company's stock had a trading volume of 628,950 shares, compared to its average volume of 779,719. The company has a 50-day simple moving average of $569.72 and a 200 day simple moving average of $626.88. The firm has a market capitalization of $30.04 billion, a PE ratio of 17.06, a PEG ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period last year, the company earned $2.81 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.
Monolithic Power Systems Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $1.56 dividend. 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. This represents a $6.24 annualized dividend and a dividend yield of 0.99%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on MPWR shares. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Raymond James reissued an "outperform" rating and set a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a report on Friday. KeyCorp decreased their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $779.83.
Read Our Latest Analysis on Monolithic Power Systems
Monolithic Power Systems Company Profile
(
Free Report)
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.
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