Allspring Global Investments Holdings LLC Has $122.78 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Allspring Global Investments Holdings LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,652 shares of the semiconductor company’s stock after purchasing an additional 9,978 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.42% of Monolithic Power Systems worth $122,784,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MPWR. Gladstone Institutional Advisory LLC grew its position in shares of Monolithic Power Systems by 47.6% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 397 shares of the semiconductor company’s stock valued at $235,000 after buying an additional 128 shares during the last quarter. Fortress Financial Solutions LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $347,000. Shaker Investments LLC OH increased its holdings in shares of Monolithic Power Systems by 23.3% during the fourth quarter. Shaker Investments LLC OH now owns 4,886 shares of the semiconductor company’s stock valued at $2,891,000 after acquiring an additional 924 shares in the last quarter. Sovran Advisors LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $388,000. Finally, Peterson Wealth Services increased its position in shares of Monolithic Power Systems by 6.8% during the fourth quarter. Peterson Wealth Services now owns 1,320 shares of the semiconductor company’s stock worth $781,000 after acquiring an additional 84 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of analyst reports. KeyCorp increased their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Loop Capital raised their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. TD Cowen dropped their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target for the company. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Trading Down 0.9 %

Shares of Monolithic Power Systems stock opened at $699.03 on Wednesday. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The company has a market cap of $34.10 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.53 and a beta of 1.03. The company’s 50-day moving average price is $621.11 and its 200-day moving average price is $753.43.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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 22.49%. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed 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 boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 13.60%.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is 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.