Lecap Asset Management Ltd. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,521 shares of the semiconductor company's stock, valued at approximately $2,221,000. Monolithic Power Systems accounts for 0.8% of Lecap Asset Management Ltd.'s holdings, making the stock its 24th biggest position.
Several other institutional investors and hedge funds have also recently modified their holdings of MPWR. Moneta Group Investment Advisors LLC raised its stake in shares of Monolithic Power Systems by 140,338.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company's stock worth $362,025,000 after purchasing an additional 1,023,068 shares during the last quarter. FMR LLC raised its stake in shares of Monolithic Power Systems by 35.0% in the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company's stock worth $1,655,717,000 after purchasing an additional 929,009 shares during the last quarter. Norges Bank purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth approximately $150,233,000. JPMorgan Chase & Co. increased its position in shares of Monolithic Power Systems by 70.4% during the first quarter. JPMorgan Chase & Co. now owns 671,820 shares of the semiconductor company's stock valued at $336,272,000 after acquiring an additional 277,563 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Monolithic Power Systems by 87.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company's stock valued at $179,036,000 after acquiring an additional 180,500 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.
Monolithic Power Systems Stock Performance
NASDAQ MPWR traded down $26.11 on Friday, hitting $658.23. 422,513 shares of the stock traded hands, compared to its average volume of 497,518. The business's fifty day moving average is $697.25 and its two-hundred day moving average is $597.28. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The firm has a market capitalization of $32.03 billion, a price-to-earnings ratio of 75.14, a PEG ratio of 3.66 and a beta of 1.24.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted 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 company had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Analysts expect that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.
Monolithic Power Systems Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $1.25 dividend. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, March 27th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 57.08%.
Insider Transactions at Monolithic Power Systems
In other news, EVP Maurice Sciammas sold 11,000 shares of the firm's 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 completion of the transaction, the executive vice president now directly owns 130,744 shares of the company's stock, valued at $89,145,181.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Michael Hsing sold 8,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $677.44, for a total value of $5,419,520.00. Following the sale, the chief executive officer now owns 899,232 shares in the company, valued at $609,175,726.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the executive vice president now owns 130,744 shares in the company, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock valued at $30,357,479 over the last three months. Company insiders own 3.20% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. TD Cowen increased their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. KeyCorp increased their price target on Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Needham & Company LLC increased 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. Stifel Nicolaus increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, January 2nd. Finally, Oppenheimer increased 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $670.30.
Check Out Our Latest Report on Monolithic Power Systems
About Monolithic Power Systems
(
Free Report)
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.
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