Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 5,241 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,241 shares of the semiconductor company’s stock, valued at approximately $3,101,000.

Several other hedge funds have also added to or reduced their stakes in the business. Tradewinds Capital Management LLC lifted its position in Monolithic Power Systems by 120.0% in the fourth 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 last quarter. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $27,000. West Oak Capital LLC lifted its holdings in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after buying an additional 545 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $39,000. Finally, AlphaQuest LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $41,000. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPWR has been the topic of several research reports. Needham & Company LLC lifted their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Citigroup began coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Oppenheimer lowered their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Rosenblatt Securities restated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Finally, Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $866.17.

Monolithic Power Systems Trading Up 5.7 %

Monolithic Power Systems stock opened at $640.64 on Tuesday. The firm has a market cap of $30.66 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a fifty day simple moving average of $636.42 and a two-hundred day simple moving average of $713.38.

Monolithic Power Systems (NASDAQ:MPWR) last released 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 return on equity of 20.36% and a net margin of 80.95%. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.97%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.97%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm’s 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 directly owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by 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.