Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Candriam S.C.A.

Candriam S.C.A. raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 47.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,792 shares of the semiconductor company’s stock after purchasing an additional 16,288 shares during the period. Candriam S.C.A. owned 0.10% of Monolithic Power Systems worth $30,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MPWR. Chicago Partners Investment Group LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter worth $211,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Monolithic Power Systems by 86.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 38,333 shares of the semiconductor company’s stock worth $35,439,000 after buying an additional 17,746 shares during the last quarter. National Pension Service lifted its position in shares of Monolithic Power Systems by 4.4% in the 3rd quarter. National Pension Service now owns 70,088 shares of the semiconductor company’s stock worth $64,796,000 after buying an additional 2,926 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Monolithic Power Systems by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,478 shares of the semiconductor company’s stock worth $18,007,000 after acquiring an additional 153 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of Monolithic Power Systems by 23.7% in the 3rd quarter. QRG Capital Management Inc. now owns 6,663 shares of the semiconductor company’s stock worth $6,160,000 after acquiring an additional 1,276 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $612.19 on Thursday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The business’s 50 day moving average price is $639.41 and its two-hundred day moving average price is $733.68. The firm has a market cap of $29.86 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

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 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%. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company 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 dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.02%. Monolithic Power Systems’s dividend payout ratio is 16.97%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction on 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at approximately $32,066,400. The trade was 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 corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MPWR shares. 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. Rosenblatt Securities restated a “neutral” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Loop Capital lifted 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. Oppenheimer dropped their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, KeyCorp boosted their price objective 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $866.17.

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.