Jennison Associates LLC Has $479,000 Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Jennison Associates LLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 36.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 707 shares of the semiconductor company’s stock after purchasing an additional 187 shares during the period. Jennison Associates LLC’s holdings in Monolithic Power Systems were worth $479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MPWR. GSA Capital Partners LLP bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at $692,000. Comerica Bank bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at $4,862,000. Banque Pictet & Cie SA increased its position in shares of Monolithic Power Systems by 34.8% in the 3rd quarter. Banque Pictet & Cie SA now owns 925 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 239 shares in the last quarter. American Century Companies Inc. increased its position in shares of Monolithic Power Systems by 0.5% in the 3rd quarter. American Century Companies Inc. now owns 272,036 shares of the semiconductor company’s stock valued at $125,680,000 after buying an additional 1,273 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Monolithic Power Systems by 0.9% in the 3rd quarter. Wellington Management Group LLP now owns 853,243 shares of the semiconductor company’s stock valued at $394,198,000 after buying an additional 7,204 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $663.29, for a total value of $1,658,225.00. Following the sale, the chief financial officer now owns 75,723 shares in the company, valued at $50,226,308.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $663.29, for a total value of $1,658,225.00. Following the sale, the chief financial officer now owns 75,723 shares in the company, valued at $50,226,308.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Saria Tseng sold 869 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $690.02, for a total transaction of $599,627.38. Following the completion of the sale, the executive vice president now owns 203,521 shares in the company, valued at approximately $140,433,560.42. The disclosure for this sale can be found here. Insiders have sold 81,310 shares of company stock worth $63,163,317 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Up 1.7 %

NASDAQ MPWR opened at $860.81 on Thursday. The firm has a market capitalization of $41.90 billion, a price-to-earnings ratio of 102.60, a P/E/G ratio of 4.26 and a beta of 1.11. The firm’s 50 day simple moving average is $776.29 and its 200 day simple moving average is $701.34. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $868.97.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $457.89 million for the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.58%. Monolithic Power Systems’s dividend payout ratio is 59.59%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MPWR shares. Truist Financial upped their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. KeyCorp upped their target price on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $806.13.

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.