Pilgrim Partners Asia Pte Ltd Purchases New Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pilgrim Partners Asia Pte Ltd acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 80 shares of the semiconductor company’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Captrust Financial Advisors raised its stake in shares of Monolithic Power Systems by 9.1% during the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the semiconductor company’s stock valued at $1,620,000 after purchasing an additional 146 shares during the period. Verition Fund Management LLC increased its position in shares of Monolithic Power Systems by 150.2% during the third quarter. Verition Fund Management LLC now owns 1,211 shares of the semiconductor company’s stock valued at $1,120,000 after buying an additional 727 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Monolithic Power Systems by 55.3% in the third quarter. Janus Henderson Group PLC now owns 5,996 shares of the semiconductor company’s stock worth $5,545,000 after buying an additional 2,134 shares in the last quarter. Investment Management Corp of Ontario boosted its position in shares of Monolithic Power Systems by 46.3% in the third quarter. Investment Management Corp of Ontario now owns 1,579 shares of the semiconductor company’s stock valued at $1,460,000 after acquiring an additional 500 shares during the period. Finally, IHT Wealth Management LLC purchased a new position in Monolithic Power Systems during the third quarter valued at approximately $215,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 4.3 %

MPWR stock opened at $477.39 on Friday. The stock’s 50 day simple moving average is $625.06 and its 200 day simple moving average is $687.80. Monolithic Power Systems, Inc. has a 12-month low of $451.29 and a 12-month high of $959.64. The stock has a market capitalization of $22.85 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21.

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 net margin of 80.95% and a return on equity of 20.36%. On average, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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 dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.31%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 16.97%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several analyst reports. Loop Capital raised their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities reduced their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Needham & Company LLC raised their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company cut their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction that occurred 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 trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.

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.