Wellington Management Group LLP Has $504.74 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wellington Management Group LLP lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 22.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 853,029 shares of the semiconductor company’s stock after selling 251,196 shares during the period. Wellington Management Group LLP owned about 1.78% of Monolithic Power Systems worth $504,737,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. D.A. Davidson & CO. grew its stake in Monolithic Power Systems by 5.1% during the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock worth $361,000 after buying an additional 19 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Monolithic Power Systems by 9.1% in the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the semiconductor company’s stock worth $1,620,000 after acquiring an additional 146 shares in the last quarter. Verition Fund Management LLC grew its position in Monolithic Power Systems by 150.2% during the 3rd quarter. Verition Fund Management LLC now owns 1,211 shares of the semiconductor company’s stock worth $1,120,000 after acquiring an additional 727 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Monolithic Power Systems during the 3rd quarter valued at $203,000. Finally, Cinctive Capital Management LP raised its position in Monolithic Power Systems by 25.2% in the 3rd quarter. Cinctive Capital Management LP now owns 1,497 shares of the semiconductor company’s stock valued at $1,384,000 after purchasing an additional 301 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Trading Up 0.0 %

NASDAQ MPWR opened at $579.98 on Tuesday. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a 50-day simple moving average of $636.20 and a 200 day simple moving average of $695.03. The company has a market capitalization of $27.76 billion, a PE ratio of 15.77, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. This is a positive change 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 Analyst Weigh In

Several brokerages have recently commented on MPWR. Citigroup assumed coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Loop Capital raised 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 report on Friday, February 7th. Rosenblatt Securities reduced 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 report on Friday, March 21st. Wells Fargo & Company lowered their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Finally, KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Two 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 currently has a consensus rating of “Moderate Buy” and an average target price of $851.58.

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.