Concentric Capital Strategies LP Invests $3.77 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Concentric Capital Strategies LP purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,371 shares of the semiconductor company's stock, valued at approximately $3,770,000.

A number of other institutional investors also recently modified their holdings of MPWR. Norges Bank bought a new stake in Monolithic Power Systems during the fourth quarter worth $493,807,000. Van ECK Associates Corp grew its stake in shares of Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after acquiring an additional 328,203 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $140,795,000. Price T Rowe Associates Inc. MD lifted its position in shares of 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 valued at $904,297,000 after purchasing an additional 214,395 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Monolithic Power Systems during the fourth quarter worth about $113,547,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction on 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 sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of research analyst reports. TD Cowen increased their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and set a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup increased their price target on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Stifel Nicolaus reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $624.15 on Wednesday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The business's fifty day moving average is $570.02 and its 200 day moving average is $626.86. The firm has a market cap of $29.88 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released 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. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. During the same period in the previous year, the business earned $2.81 EPS. The business's revenue for the quarter was up 39.2% on a year-over-year basis. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

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.

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