Los Angeles Capital Management LLC Invests $3.17 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Los Angeles Capital Management LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,019 shares of the semiconductor company's stock, valued at approximately $3,166,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Natixis Advisors L.P. boosted its holdings in shares of Monolithic Power Systems by 24.1% during the fourth quarter. Natixis Advisors L.P. now owns 155,778 shares of the semiconductor company's stock valued at $98,261,000 after acquiring an additional 30,261 shares during the period. First Horizon Advisors Inc. boosted its stake in Monolithic Power Systems by 24.0% during the 4th quarter. First Horizon Advisors Inc. now owns 207 shares of the semiconductor company's stock valued at $131,000 after purchasing an additional 40 shares during the period. LGT Group Foundation grew its position in Monolithic Power Systems by 32.2% in the 4th quarter. LGT Group Foundation now owns 9,104 shares of the semiconductor company's stock worth $5,756,000 after purchasing an additional 2,219 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Monolithic Power Systems by 30.3% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,234 shares of the semiconductor company's stock valued at $778,000 after purchasing an additional 287 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $512,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In other news, CEO Michael Hsing sold 8,000 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the transaction, the chief executive officer now directly owns 891,232 shares in the company, valued at approximately $589,861,899.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 130,744 shares of the company's stock, valued at $89,145,181.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the sale, the chief executive officer now owns 891,232 shares of the company's stock, valued at $589,861,899.20. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock worth $30,986,274 over the last 90 days. 3.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on MPWR shares. KeyCorp raised their target price on Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Truist Financial increased their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a "buy" rating in a report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday. Oppenheimer lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Finally, TD Cowen lifted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $743.78.

Monolithic Power Systems Stock Up 3.7 %

Shares of Monolithic Power Systems stock traded up $25.83 on Monday, hitting $733.05. 399,899 shares of the company traded hands, compared to its average volume of 544,840. The company has a market cap of $35.67 billion, a PE ratio of 84.29, a PEG ratio of 3.64 and a beta of 1.22. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $778.15. The company has a 50-day moving average price of $678.85 and a 200 day moving average price of $617.41.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.25 dividend. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems's dividend payout ratio (DPR) is 59.59%.

About Monolithic Power Systems

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.