Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,548 shares of the semiconductor company’s stock after buying an additional 9,532 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $48,690,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC increased its holdings in Monolithic Power Systems by 47.9% in the third quarter. Cerity Partners LLC now owns 4,551 shares of the semiconductor company’s stock valued at $4,207,000 after buying an additional 1,474 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Monolithic Power Systems by 277.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 506 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 372 shares during the last quarter. Private Trust Co. NA raised its position in shares of Monolithic Power Systems by 12.2% in the third quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock valued at $188,000 after buying an additional 22 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Monolithic Power Systems by 5.1% in the 3rd quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock valued at $361,000 after acquiring an additional 19 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in Monolithic Power Systems during the third quarter worth approximately $429,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $579.89 on Friday. The company has a market cap of $27.76 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.60 and a beta of 1.03. The stock has a 50-day moving average of $637.11 and a two-hundred day moving average of $699.67. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.08%. Monolithic Power Systems’s payout ratio is 16.97%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MPWR. KeyCorp boosted their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Oppenheimer reiterated an “outperform” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Citigroup initiated coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price for the company. Wells Fargo & Company reduced their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Finally, Loop Capital increased their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $851.58.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Company 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.