Northern Trust Corp Raises Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Northern Trust Corp grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 22.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 509,293 shares of the semiconductor company's stock after purchasing an additional 94,414 shares during the period. Northern Trust Corp owned approximately 1.04% of Monolithic Power Systems worth $301,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MPWR. Tradewinds Capital Management LLC boosted its holdings in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new position in Monolithic Power Systems in the fourth quarter worth approximately $39,000. AlphaQuest LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth approximately $41,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $47,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on 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. Wells Fargo & Company reduced their price objective on shares of 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, KeyCorp dropped their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Stock Down 1.4 %

NASDAQ:MPWR traded down $8.65 during midday trading on Monday, reaching $628.24. The stock had a trading volume of 373,393 shares, compared to its average volume of 779,032. The stock has a market cap of $30.08 billion, a P/E ratio of 17.12, a P/E/G ratio of 2.60 and a beta of 1.18. The firm has a fifty day simple moving average of $570.60 and a two-hundred day simple moving average of $628.90. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $633.43 million. During the same period in the prior year, the company posted $2.81 earnings per share. The firm's revenue for the quarter was up 39.2% on a year-over-year basis. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 0.99%. This is an increase 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 (DPR) is presently 16.56%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company's stock.

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.