Stevens Capital Management LP Has $525,000 Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Stevens Capital Management LP increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 147.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 887 shares of the semiconductor company’s stock after acquiring an additional 528 shares during the period. Stevens Capital Management LP’s holdings in Monolithic Power Systems were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPWR. FMR LLC raised its holdings 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 acquiring an additional 361,416 shares during the last quarter. Van ECK Associates Corp raised its holdings 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 acquiring an additional 328,203 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $140,795,000. Geode Capital Management LLC raised its holdings 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 acquiring an additional 133,838 shares during the last quarter. Finally, Whale Rock Capital Management LLC raised its holdings 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 acquiring an additional 102,380 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MPWR shares. Rosenblatt Securities reduced 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. KeyCorp upped their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $851.58.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Stock Down 3.0 %

Monolithic Power Systems stock opened at $590.98 on Monday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The firm has a 50 day moving average price of $636.30 and a 200-day moving average price of $705.59. The company has a market capitalization of $28.29 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released 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%. Equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a yield of 1.06%. Monolithic Power Systems’s dividend payout ratio (DPR) is 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.