Kayne Anderson Rudnick Investment Management LLC Buys 81,234 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 362,761 shares of the semiconductor company's stock after buying an additional 81,234 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.74% of Monolithic Power Systems worth $214,646,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MPWR. Tradewinds Capital Management LLC grew its position in shares of Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $27,000. West Oak Capital LLC increased its position in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock valued at $32,000 after buying an additional 545 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Monolithic Power Systems during the fourth quarter worth about $39,000. Finally, AlphaQuest LLC bought a new position in Monolithic Power Systems during the fourth quarter worth about $41,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Rosenblatt Securities lowered their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Loop Capital increased their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Citigroup cut their price target on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $826.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Price Performance

MPWR stock traded up $3.46 during midday trading on Friday, reaching $584.21. The company had a trading volume of 302,136 shares, compared to its average volume of 772,145. The stock has a 50 day moving average price of $579.62 and a 200-day moving average price of $646.44. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 1.07%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 31st. Monolithic Power Systems's dividend payout ratio is currently 16.97%.

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.