Cynosure Group LLC Increases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cynosure Group LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 628.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,432 shares of the semiconductor company’s stock after acquiring an additional 2,961 shares during the quarter. Cynosure Group LLC’s holdings in Monolithic Power Systems were worth $2,031,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Trexquant Investment LP grew its holdings in Monolithic Power Systems by 261.8% during the 4th quarter. Trexquant Investment LP now owns 15,706 shares of the semiconductor company’s stock worth $9,293,000 after acquiring an additional 11,365 shares in the last quarter. Boston Family Office LLC increased its stake in shares of Monolithic Power Systems by 1,031.6% during the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company’s stock valued at $1,547,000 after acquiring an additional 2,383 shares during the period. Geode Capital Management LLC lifted its position in Monolithic Power Systems by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock worth $807,158,000 after purchasing an additional 31,295 shares during the period. HighPoint Advisor Group LLC grew its holdings in Monolithic Power Systems by 18.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,713 shares of the semiconductor company’s stock worth $1,014,000 after acquiring an additional 267 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $454,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $581.48 on Wednesday. The stock has a 50-day simple moving average of $635.06 and a 200 day simple moving average of $692.69. The stock has a market capitalization of $27.83 billion, a PE ratio of 15.81, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve 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 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%. As a group, 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 given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is 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%.

Insider Activity at Monolithic Power Systems

In related 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 transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

MPWR has been the subject of several research analyst reports. KeyCorp upped their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Citigroup began coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. 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 report on Friday, February 7th. Wells Fargo & Company decreased their price objective on 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. Finally, Loop Capital boosted their price target 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $851.58.

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.