Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Raised by Jump Financial LLC

Jump Financial LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 242.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,943 shares of the semiconductor company's stock after buying an additional 16,952 shares during the quarter. Jump Financial LLC's holdings in Monolithic Power Systems were worth $14,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MPWR. Norges Bank acquired a new position in Monolithic Power Systems during the 4th quarter worth about $493,807,000. Van ECK Associates Corp lifted its position in shares of Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after purchasing an additional 328,203 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $140,795,000. Bank of Nova Scotia grew its holdings in shares of Monolithic Power Systems by 1,320.0% in the fourth quarter. Bank of Nova Scotia now owns 161,800 shares of the semiconductor company's stock valued at $95,737,000 after purchasing an additional 150,406 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in Monolithic Power Systems by 39.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 358,777 shares of the semiconductor company's stock worth $212,288,000 after buying an additional 101,156 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 0.2 %

Shares of Monolithic Power Systems stock traded down $1.28 during trading hours on Friday, reaching $523.58. The stock had a trading volume of 864,580 shares, compared to its average volume of 769,893. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The firm has a 50 day simple moving average of $592.25 and a two-hundred day simple moving average of $655.45. The firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, March 31st. Monolithic Power Systems's dividend payout ratio is presently 16.97%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction on Friday, February 7th. The shares were 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 owns 16,015 shares of the company's stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on MPWR. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus cut their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday. Loop Capital increased their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $826.17.

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.