Allspring Global Investments Holdings LLC Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Allspring Global Investments Holdings LLC lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,652 shares of the semiconductor company’s stock after purchasing an additional 9,978 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Monolithic Power Systems were worth $122,784,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MPWR. FMR LLC grew its holdings in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares during the last quarter. Geode Capital Management LLC raised its stake in Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after buying an additional 133,838 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Monolithic Power Systems by 92,842.9% during the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after buying an additional 123,481 shares during the period. Whale Rock Capital Management LLC boosted its stake in shares of Monolithic Power Systems by 104.4% in the 3rd quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock worth $185,353,000 after buying an additional 102,380 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Monolithic Power Systems by 14,315.6% in the third quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock worth $94,223,000 after acquiring an additional 101,211 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Trading Down 0.9 %

Shares of MPWR opened at $699.03 on Wednesday. The firm has a market capitalization of $34.10 billion, a P/E ratio of 19.01, a P/E/G ratio of 2.53 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The firm has a fifty day moving average price of $621.11 and a 200-day moving average price of $753.43.

Monolithic Power Systems (NASDAQ:MPWR) 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 return on equity of 22.49% and a net margin of 80.95%. Analysts predict that Monolithic Power Systems, Inc. will post 13 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. 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 0.89%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 13.60%.

Insider Buying and Selling 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 transaction, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the sale, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TD Cowen lowered their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company boosted their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Rosenblatt Securities restated a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Needham & Company LLC raised 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, KeyCorp boosted their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $866.17.

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.