Marshall Wace LLP Invests $61.97 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Marshall Wace LLP purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 104,728 shares of the semiconductor company’s stock, valued at approximately $61,968,000. Marshall Wace LLP owned approximately 0.21% of Monolithic Power Systems as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its holdings in shares of Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after purchasing an additional 14 shares in the last quarter. WP Advisors LLC increased its holdings in Monolithic Power Systems by 3.2% in the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after buying an additional 16 shares in the last quarter. Allworth Financial LP raised its position in Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock worth $92,000 after buying an additional 16 shares during the last quarter. Keybank National Association OH lifted its stake in Monolithic Power Systems by 1.2% during the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock valued at $1,079,000 after acquiring an additional 22 shares during the period. Finally, Truvestments Capital LLC boosted its holdings in shares of Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 22 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of Monolithic Power Systems from $800.00 to $615.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Needham & Company LLC raised 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. Loop Capital lifted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities lowered their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Finally, Oppenheimer restated an “outperform” rating and set a $800.00 price target 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 issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $826.17.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm’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 owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Trading Down 0.2 %

Shares of NASDAQ:MPWR opened at $523.58 on Friday. The stock has a 50 day moving average of $595.76 and a 200 day moving average of $659.80. The company has a market cap of $25.06 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

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%. Equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

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.