Tokio Marine Asset Management Co. Ltd. Has $933,000 Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Tokio Marine Asset Management Co. Ltd. grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,577 shares of the semiconductor company’s stock after buying an additional 132 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Symphony Financial Ltd. Co. increased its position in Monolithic Power Systems by 27.4% in the fourth quarter. Symphony Financial Ltd. Co. now owns 833 shares of the semiconductor company’s stock worth $493,000 after purchasing an additional 179 shares during the period. Factory Mutual Insurance Co. increased its position in Monolithic Power Systems by 132.1% in the fourth quarter. Factory Mutual Insurance Co. now owns 31,272 shares of the semiconductor company’s stock worth $18,504,000 after purchasing an additional 17,800 shares during the period. Mediolanum International Funds Ltd increased its position in Monolithic Power Systems by 77.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 29,005 shares of the semiconductor company’s stock worth $17,466,000 after purchasing an additional 12,671 shares during the period. Milestone Asset Management LLC increased its position in Monolithic Power Systems by 321.9% in the fourth quarter. Milestone Asset Management LLC now owns 7,316 shares of the semiconductor company’s stock worth $4,329,000 after purchasing an additional 5,582 shares during the period. Finally, Swedbank AB increased its position in Monolithic Power Systems by 42.3% in the fourth quarter. Swedbank AB now owns 14,800 shares of the semiconductor company’s stock worth $8,757,000 after purchasing an additional 4,400 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $628.78 on Tuesday. The company’s 50-day moving average price is $609.43 and its two-hundred day moving average price is $759.83. The stock has a market capitalization of $30.67 billion, a PE ratio of 70.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 0.80%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Oppenheimer decreased their target price on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday. TD Cowen decreased their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price for the company. Needham & Company LLC decreased their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $820.33.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the transaction, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. This represents a 1.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,100 shares of company stock worth $2,724,231. 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.