Polymer Capital Management HK LTD Acquires 3,450 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Polymer Capital Management HK LTD increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 530.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,100 shares of the semiconductor company’s stock after buying an additional 3,450 shares during the period. Polymer Capital Management HK LTD’s holdings in Monolithic Power Systems were worth $2,426,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in MPWR. Norges Bank bought a new stake in Monolithic Power Systems during the 4th quarter valued at $493,807,000. Van ECK Associates Corp lifted its holdings in shares of Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after buying an additional 328,203 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $140,795,000. Geode Capital Management LLC grew its stake in Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after acquiring an additional 133,838 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in Monolithic Power Systems by 39.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 358,777 shares of the semiconductor company’s stock valued at $212,288,000 after acquiring an additional 101,156 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $477.39 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $451.29 and a 1 year high of $959.64. The firm has a fifty day moving average price of $625.06 and a 200-day moving average price of $686.54. The stock has a market cap of $22.85 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. On average, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MPWR shares. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Loop Capital raised 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 note on Friday, February 7th. Finally, KeyCorp lifted their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $851.58.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction 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 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 insiders.

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.