Price T Rowe Associates Inc. MD Purchases 214,395 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,528,301 shares of the semiconductor company's stock after acquiring an additional 214,395 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.13% of Monolithic Power Systems worth $904,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management bought a new position in Monolithic Power Systems in the fourth quarter valued at approximately $27,000. West Oak Capital LLC boosted its holdings in shares of Monolithic Power Systems by 990.9% in the fourth 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 during the period. Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $39,000. Finally, AlphaQuest LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now directly owns 16,015 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MPWR. Loop Capital boosted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Stifel Nicolaus reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Needham & Company LLC increased their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Rosenblatt Securities cut their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Finally, Citigroup dropped their price objective on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $826.17.

Monolithic Power Systems Trading Up 0.5 %

MPWR traded up $3.13 during trading on Tuesday, reaching $588.34. 191,675 shares of the company's stock were exchanged, compared to its average volume of 772,594. The stock has a market capitalization of $28.17 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The firm has a fifty day moving average price of $575.34 and a two-hundred day moving average price of $637.59.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $1.56 dividend. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, March 31st. Monolithic Power Systems's payout ratio is 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.