Fox Run Management L.L.C. Boosts Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Fox Run Management L.L.C. grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 127.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,566 shares of the semiconductor company’s stock after purchasing an additional 876 shares during the period. Fox Run Management L.L.C.’s holdings in Monolithic Power Systems were worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $9,751,000. Sei Investments Co. lifted its holdings in Monolithic Power Systems by 0.7% in the fourth quarter. Sei Investments Co. now owns 198,416 shares of the semiconductor company’s stock valued at $117,402,000 after acquiring an additional 1,300 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in Monolithic Power Systems by 46.3% in the fourth quarter. Mizuho Securities USA LLC now owns 4,623 shares of the semiconductor company’s stock valued at $2,735,000 after acquiring an additional 1,462 shares during the last quarter. Summit Global Investments lifted its holdings in Monolithic Power Systems by 2,278.8% in the fourth quarter. Summit Global Investments now owns 5,614 shares of the semiconductor company’s stock valued at $3,322,000 after acquiring an additional 5,378 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Monolithic Power Systems by 4.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 20,862 shares of the semiconductor company’s stock valued at $12,344,000 after acquiring an additional 872 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. 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 report on Friday, February 7th. Rosenblatt Securities decreased their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a report on Friday. Wells Fargo & Company decreased their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday. KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Needham & Company LLC upped their price target on Monolithic Power Systems from $600.00 to $800.00 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Trading Down 3.0 %

Monolithic Power Systems stock opened at $590.98 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock’s fifty day simple moving average is $636.30 and its 200-day simple moving average is $706.60. The firm 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 posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the 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 transaction, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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.