Trexquant Investment LP Has $9.29 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Trexquant Investment LP increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 261.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,706 shares of the semiconductor company’s stock after acquiring an additional 11,365 shares during the period. Trexquant Investment LP’s holdings in Monolithic Power Systems were worth $9,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC grew its stake 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 acquired a new stake in Monolithic Power Systems in the 4th quarter valued at $27,000. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at $39,000. AlphaQuest LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $41,000. Finally, Versant Capital Management Inc raised its stake in Monolithic Power Systems by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MPWR. KeyCorp upped their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a 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 note on Friday, February 7th. Citigroup started coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. Wells Fargo & Company dropped their price target 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 reissued an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. 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, the company has an average rating of “Moderate Buy” and an average target price of $851.58.

Monolithic Power Systems Trading Up 1.6 %

Shares of NASDAQ:MPWR opened at $590.65 on Thursday. Monolithic Power Systems, Inc. has a 1-year low of $540.18 and a 1-year high of $959.64. The stock has a market capitalization of $28.27 billion, a P/E ratio of 16.06, a P/E/G ratio of 2.60 and a beta of 1.03. The business has a 50-day moving average price of $633.08 and a two-hundred day moving average price of $691.97.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results 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%. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS 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. Investors of record on Monday, March 31st will be paid a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.06%. Monolithic Power Systems’s payout ratio is 16.97%.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the transaction, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems 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.