Plato Investment Management Ltd Increases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Plato Investment Management Ltd lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 257.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,785 shares of the semiconductor company’s stock after buying an additional 2,726 shares during the period. Plato Investment Management Ltd’s holdings in Monolithic Power Systems were worth $2,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC boosted its stake in shares of Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after buying an additional 361,416 shares during the last quarter. State Street Corp boosted its stake in shares of Monolithic Power Systems by 2.1% in the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after buying an additional 42,678 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after buying an additional 133,838 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Monolithic Power Systems by 73.3% in the 4th 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Monolithic Power Systems by 11.6% in the 4th quarter. Bank of New York Mellon Corp now owns 349,922 shares of the semiconductor company’s stock worth $207,049,000 after buying an additional 36,323 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of research analyst reports. Rosenblatt Securities restated a “neutral” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research note on Thursday, February 6th. KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Loop Capital upped their price objective on 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, Needham & Company LLC upped their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $578.92 on Tuesday. The company’s fifty day simple moving average is $640.18 and its two-hundred day simple moving average is $736.84. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a market capitalization of $28.24 billion, a price-to-earnings ratio of 15.74, a PEG 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 (EPS) 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%. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company 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 represents a $6.24 annualized dividend and a dividend yield of 1.08%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now 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 document filed with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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.