Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Decreased by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,659 shares of the semiconductor company's stock after selling 17,078 shares during the quarter. Impax Asset Management Group plc owned 0.63% of Monolithic Power Systems worth $189,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in shares of Monolithic Power Systems by 5.6% in the 3rd quarter. Huntington National Bank now owns 657 shares of the semiconductor company's stock valued at $304,000 after buying an additional 35 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Monolithic Power Systems by 8.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company's stock valued at $90,913,000 after purchasing an additional 15,609 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Monolithic Power Systems by 36.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company's stock valued at $21,945,000 after purchasing an additional 12,600 shares in the last quarter. Czech National Bank increased its stake in Monolithic Power Systems by 0.5% during the 4th quarter. Czech National Bank now owns 8,391 shares of the semiconductor company's stock worth $5,293,000 after buying an additional 41 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Monolithic Power Systems by 19.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company's stock worth $290,844,000 after buying an additional 73,564 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Analysts Set New Price Targets

MPWR has been the subject of several research reports. TD Cowen boosted their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, January 2nd. Oppenheimer upped their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Needham & Company LLC upped their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Finally, Rosenblatt Securities upped their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the company a "buy" rating in a research report on Tuesday, December 26th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $670.30.

Monolithic Power Systems Price Performance

MPWR traded up $0.83 during trading hours on Tuesday, reaching $682.15. The company's stock had a trading volume of 370,387 shares, compared to its average volume of 542,182. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15. The stock has a market cap of $33.19 billion, a PE ratio of 77.87, a P/E/G ratio of 3.45 and a beta of 1.24. The business's 50-day moving average is $694.12 and its 200-day moving average is $593.66.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Analysts expect that Monolithic Power Systems, Inc. will post 10.21 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.73%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. Monolithic Power Systems's dividend payout ratio is 57.08%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the sale, the executive vice president now directly owns 130,744 shares in the company, valued at $89,145,181.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jeff Zhou sold 200 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the sale, the director now directly owns 6,269 shares in the company, valued at $4,705,323.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the sale, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The disclosure for this sale can be found here. Insiders have sold 67,592 shares of company stock worth $43,547,054 over the last ninety days. Corporate insiders own 3.20% 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.