Mariner LLC Has $5.59 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mariner LLC decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,443 shares of the semiconductor company’s stock after selling 1,016 shares during the period. Mariner LLC’s holdings in Monolithic Power Systems were worth $5,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised its holdings in Monolithic Power Systems by 3.3% during the 4th quarter. Barclays PLC now owns 332,859 shares of the semiconductor company’s stock worth $196,952,000 after purchasing an additional 10,744 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Monolithic Power Systems by 80.7% during the fourth quarter. Townsquare Capital LLC now owns 16,384 shares of the semiconductor company’s stock worth $9,695,000 after buying an additional 7,315 shares during the period. Grandeur Peak Global Advisors LLC raised its stake in Monolithic Power Systems by 57.3% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 62,116 shares of the semiconductor company’s stock worth $36,754,000 after buying an additional 22,634 shares during the last quarter. Fortis Capital Advisors LLC lifted its holdings in Monolithic Power Systems by 9.6% in the fourth quarter. Fortis Capital Advisors LLC now owns 767 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 67 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in Monolithic Power Systems by 24.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 25,621 shares of the semiconductor company’s stock valued at $15,160,000 after acquiring an additional 5,100 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Down 0.2 %

MPWR opened at $523.58 on Friday. The company has a market cap of $25.06 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.60 and a beta of 1.21. The company’s fifty day moving average price is $592.25 and its two-hundred day moving average price is $655.45. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its 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 forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Stifel Nicolaus dropped their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research note on Thursday. 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 note on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Loop Capital lifted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities cut their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $826.17.

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.