Geode Capital Management LLC Purchases 31,295 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Geode Capital Management LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,365,459 shares of the semiconductor company’s stock after acquiring an additional 31,295 shares during the period. Geode Capital Management LLC’s holdings in Monolithic Power Systems were worth $807,158,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC lifted its position in Monolithic Power Systems by 18.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,713 shares of the semiconductor company’s stock valued at $1,014,000 after purchasing an additional 267 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Monolithic Power Systems during the 4th quarter valued at $454,000. Tucker Asset Management LLC boosted its holdings in Monolithic Power Systems by 2,000.0% during the 4th quarter. Tucker Asset Management LLC now owns 357 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 340 shares during the period. Allstate Corp bought a new position in Monolithic Power Systems in the 4th quarter valued at $844,000. Finally, DnB Asset Management AS increased its stake in Monolithic Power Systems by 185.4% in the fourth quarter. DnB Asset Management AS now owns 22,432 shares of the semiconductor company’s stock worth $13,273,000 after purchasing an additional 14,571 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MPWR shares. Wells Fargo & Company lowered their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Rosenblatt Securities lowered 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. Loop Capital raised their target price 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. Needham & Company LLC boosted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective on the stock. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $851.58.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was 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 owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Trading Up 1.6 %

MPWR opened at $590.65 on Thursday. The firm has a market cap of $28.27 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.60 and a beta of 1.03. The stock has a fifty day moving average price of $633.08 and a 200-day moving average price of $691.97. Monolithic Power Systems, Inc. has a 12 month low of $540.18 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate 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, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.56 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.06%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

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.