Jennison Associates LLC Purchases 3,628 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Jennison Associates LLC increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,639 shares of the semiconductor company's stock after purchasing an additional 3,628 shares during the quarter. Jennison Associates LLC owned approximately 0.09% of Monolithic Power Systems worth $24,150,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MPWR. Fourth Dimension Wealth LLC bought a new position in Monolithic Power Systems during the fourth quarter worth $29,000. Itau Unibanco Holding S.A. raised its position in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares during the period. Global Financial Private Client LLC increased its holdings in Monolithic Power Systems by 265.0% during the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 53 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Monolithic Power Systems in the 4th quarter worth $47,000. Finally, Opal Wealth Advisors LLC purchased a new position in Monolithic Power Systems in the 1st quarter worth $54,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the transaction, the chief financial officer owned 46,939 shares of the company's stock, valued at $35,204,250. This trade represents a 11.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on MPWR shares. Needham & Company LLC reissued a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. KeyCorp increased their price objective on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. TD Cowen raised their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of 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, Citigroup lifted their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $805.67.

Monolithic Power Systems Stock Down 0.9%

Shares of MPWR stock traded down $6.28 during mid-day trading on Thursday, reaching $713.73. The stock had a trading volume of 79,388 shares, compared to its average volume of 819,891. The firm has a market cap of $34.17 billion, a PE ratio of 18.94, a P/E/G ratio of 2.86 and a beta of 1.20. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The firm's 50 day simple moving average is $709.82 and its 200 day simple moving average is $644.37.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.81 earnings per share. Sell-side 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 was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Monolithic Power Systems Company 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.