Factory Mutual Insurance Co. Purchases 8,700 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Factory Mutual Insurance Co. lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 27.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,972 shares of the semiconductor company's stock after buying an additional 8,700 shares during the period. Factory Mutual Insurance Co. owned approximately 0.08% of Monolithic Power Systems worth $23,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Monolithic Power Systems during the 4th quarter worth about $493,807,000. GAMMA Investing LLC increased its position in shares of Monolithic Power Systems by 76,432.3% in the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock worth $451,418,000 after acquiring an additional 777,316 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth approximately $140,795,000. Price T Rowe Associates Inc. MD raised its holdings 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 acquiring an additional 214,395 shares during the period. Finally, Siemens Fonds Invest GmbH lifted its position in shares of Monolithic Power Systems by 18,567.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock valued at $118,628,000 after acquiring an additional 199,413 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the transaction, the director now owns 776 shares of the company's stock, valued at approximately $504,400. This represents a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock valued at $8,546,800 over the last three months. Company insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MPWR shares. KeyCorp lowered their price objective on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Wells Fargo & Company upped their price target on Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research report on Monday. Stifel Nicolaus reduced their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $789.42.

Monolithic Power Systems Stock Performance

Shares of MPWR traded up $30.65 during trading hours on Monday, hitting $703.66. 137,508 shares of the company were exchanged, compared to its average volume of 800,259. The company has a market cap of $33.69 billion, a PE ratio of 19.13, a PEG ratio of 2.60 and a beta of 1.19. The firm's 50 day moving average is $629.90 and its 200-day moving average is $620.69. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64.

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, topping analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same quarter in the prior year, the business earned $2.81 earnings per share. The company's revenue was up 39.2% on a year-over-year basis. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.89%. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

About Monolithic Power Systems

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.