Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Axa S.A.

AXA S.A. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1,308.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,158 shares of the semiconductor company's stock after purchasing an additional 55,886 shares during the period. AXA S.A. owned 0.12% of Monolithic Power Systems worth $35,595,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Norges Bank purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $493,807,000. Van ECK Associates Corp boosted its holdings in shares of Monolithic Power Systems by 73.3% during the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock valued at $459,174,000 after acquiring an additional 328,203 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Monolithic Power Systems in the fourth quarter worth about $140,795,000. Price T Rowe Associates Inc. MD raised its position in Monolithic Power Systems by 16.3% in 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. Finally, T. Rowe Price Investment Management Inc. bought a new stake in Monolithic Power Systems during the fourth quarter valued at about $108,906,000. 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 the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.70% of the company's stock.

Monolithic Power Systems Stock Up 2.4 %

Shares of NASDAQ MPWR traded up $14.76 during trading hours on Wednesday, hitting $637.75. 569,443 shares of the stock were exchanged, compared to its average volume of 779,549. The company has a market cap of $30.53 billion, a PE ratio of 17.34, a PEG ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The firm has a fifty day moving average price of $570.02 and a 200-day moving average price of $626.86.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) 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. 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 firm's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.81 EPS. As a group, equities analysts anticipate 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 dividend of $1.56 per share. The ex-dividend date was Monday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.98%. Monolithic Power Systems's payout ratio is 16.56%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MPWR. KeyCorp decreased their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Raymond James restated an "outperform" rating and set a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus decreased their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, TD Cowen boosted their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $779.83.

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.