WINTON GROUP Ltd Boosts Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

WINTON GROUP Ltd boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 187.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,845 shares of the semiconductor company’s stock after acquiring an additional 1,204 shares during the period. WINTON GROUP Ltd’s holdings in Monolithic Power Systems were worth $1,092,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MPWR. Tradewinds Capital Management LLC boosted its position in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $39,000. AlphaQuest LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $41,000. Finally, Versant Capital Management Inc increased its holdings in shares of Monolithic Power Systems by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $579.89 on Friday. The stock has a market capitalization of $27.76 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a fifty day moving average price of $637.11 and a two-hundred day moving average price of $699.67.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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 net margin of 80.95% and a return on equity of 20.36%. On average, analysts predict 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. 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 represents a $6.24 dividend on an annualized basis 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 currently 16.97%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Rosenblatt Securities lowered their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. KeyCorp boosted their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Wells Fargo & Company lowered their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Finally, Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average 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.