Russell Investments Group Ltd. Buys 4,018 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Russell Investments Group Ltd. boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,953 shares of the semiconductor company’s stock after acquiring an additional 4,018 shares during the period. Russell Investments Group Ltd. owned 0.06% of Monolithic Power Systems worth $17,002,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MPWR. Vanguard Group Inc. boosted its stake in shares of Monolithic Power Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after acquiring an additional 123,946 shares during the period. FMR LLC grew its holdings in Monolithic Power Systems by 35.0% during the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock valued at $1,655,717,000 after buying an additional 929,009 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Monolithic Power Systems by 0.9% during the third quarter. Wellington Management Group LLP now owns 853,243 shares of the semiconductor company’s stock valued at $394,198,000 after buying an additional 7,204 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Monolithic Power Systems by 19.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock valued at $290,844,000 after buying an additional 73,564 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Monolithic Power Systems by 6.5% in the third quarter. Northern Trust Corp now owns 459,777 shares of the semiconductor company’s stock worth $212,417,000 after buying an additional 28,258 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen lifted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Oppenheimer increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, KeyCorp increased their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $716.90.

Insider Buying and Selling at Monolithic Power Systems

In related news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the sale, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the sale, the chief executive officer now owns 891,232 shares in the company, valued at approximately $589,861,899.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Deming Xiao sold 859 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the sale, the insider now directly owns 208,580 shares of the company’s stock, valued at $141,834,400. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock worth $30,986,274 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $707.22 on Friday. The company has a market cap of $34.42 billion, a P/E ratio of 84.29, a P/E/G ratio of 3.49 and a beta of 1.22. The business’s 50 day moving average price is $678.85 and its 200-day moving average price is $615.35. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.47%. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.25 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.00 annualized dividend and a yield of 0.71%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

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.