T. Rowe Price Investment Management Inc. Invests $108.91 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

T. Rowe Price Investment Management Inc. acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 184,055 shares of the semiconductor company's stock, valued at approximately $108,906,000. T. Rowe Price Investment Management Inc. owned about 0.38% of Monolithic Power Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Paragon Advisors LLC raised its position in shares of Monolithic Power Systems by 140.6% in the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock valued at $3,034,000 after purchasing an additional 2,997 shares during the period. Perpetual Ltd raised its holdings in Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after acquiring an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth $3,182,000. Vantage Investment Partners LLC boosted its holdings in shares of Monolithic Power Systems by 4.5% in the fourth quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock worth $20,545,000 after acquiring an additional 1,505 shares during the period. Finally, Boston Family Office LLC boosted its holdings in shares of Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock worth $1,547,000 after acquiring an additional 2,383 shares during the period. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Rosenblatt Securities cut their target price on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Citigroup reduced their price objective on shares of Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company decreased their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus target price of $826.17.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded down $10.43 during trading on Wednesday, hitting $576.31. 188,099 shares of the company's stock traded hands, compared to its average volume of 774,007. The firm has a market cap of $27.59 billion, a P/E ratio of 15.67, a PEG ratio of 2.60 and a beta of 1.21. The stock has a fifty day moving average of $573.27 and a two-hundred day moving average of $637.23. 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 issued its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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%. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Monday, March 31st. Monolithic Power Systems's dividend payout ratio is currently 16.97%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the sale, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

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.