Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Rathbones Group PLC

Rathbones Group PLC lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 201.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,507 shares of the semiconductor company’s stock after acquiring an additional 2,343 shares during the period. Rathbones Group PLC’s holdings in Monolithic Power Systems were worth $2,075,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MPWR. Janus Henderson Group PLC lifted its position in shares of Monolithic Power Systems by 55.3% in the 3rd quarter. Janus Henderson Group PLC now owns 5,996 shares of the semiconductor company’s stock worth $5,545,000 after buying an additional 2,134 shares during the last quarter. IHT Wealth Management LLC acquired a new position in Monolithic Power Systems in the third quarter valued at approximately $215,000. Morse Asset Management Inc acquired a new position in Monolithic Power Systems in the third quarter valued at approximately $231,000. Kovitz Investment Group Partners LLC grew its holdings in shares of Monolithic Power Systems by 75.3% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,102 shares of the semiconductor company’s stock valued at $2,868,000 after purchasing an additional 1,332 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth approximately $454,000. 93.46% of the stock is currently owned by institutional investors.

Insider Activity

In other Monolithic Power Systems 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 completion of the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This 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 available through this hyperlink. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Down 6.8 %

Shares of Monolithic Power Systems stock opened at $455.19 on Wednesday. The business has a fifty day simple moving average of $616.29 and a 200-day simple moving average of $677.70. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The firm has a market cap of $21.79 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21.

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

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.37%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of recent research reports. Rosenblatt Securities lowered their price objective 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 began coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Loop Capital boosted 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. Oppenheimer restated an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Needham & Company LLC lifted 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $851.58.

About Monolithic Power Systems

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.