Capital Impact Advisors LLC decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,677 shares of the semiconductor company’s stock after selling 6,389 shares during the period. Capital Impact Advisors LLC’s holdings in Monolithic Power Systems were worth $1,608,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock valued at $385,591,000 after buying an additional 4,170,068 shares in the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $21,332,000. MARSHALL WACE ASIA Ltd bought a new position in shares of Monolithic Power Systems during the first quarter valued at about $22,538,000. Marshall Wace North America L.P. bought a new position in shares of Monolithic Power Systems during the first quarter valued at about $22,538,000. Finally, Bank of Montreal Can raised its position in shares of Monolithic Power Systems by 110.0% in the first quarter. Bank of Montreal Can now owns 373,545 shares of the semiconductor company’s stock valued at $34,404,000 after buying an additional 195,666 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Monolithic Power Systems, Inc. (MPWR) traded up 0.63% on Friday, reaching $101.10. 158,673 shares of the company’s stock traded hands. The company has a market cap of $4.18 billion, a PE ratio of 71.30 and a beta of 1.23. Monolithic Power Systems, Inc. has a 12 month low of $71.60 and a 12 month high of $107.87. The firm’s 50 day moving average price is $100.75 and its 200 day moving average price is $94.57.
Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. During the same quarter in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities analysts expect that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Wednesday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.74%.
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Several research analysts recently issued reports on MPWR shares. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price (up from $94.00) on shares of Monolithic Power Systems in a research note on Thursday, April 27th. Deutsche Bank AG reissued a “buy” rating and set a $97.00 target price (up from $95.00) on shares of Monolithic Power Systems in a research note on Friday, April 28th. Zacks Investment Research lowered shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Pacific Crest reissued an “overweight” rating and set a $110.00 target price on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Finally, Stifel Nicolaus cut their target price on shares of Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $112.29.
In related news, insider Deming Xiao sold 6,004 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $101.96, for a total value of $612,167.84. Following the transaction, the insider now owns 284,102 shares in the company, valued at approximately $28,967,039.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Hsing sold 18,815 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $96.13, for a total transaction of $1,808,685.95. Following the completion of the transaction, the chief executive officer now owns 1,183,434 shares in the company, valued at approximately $113,763,510.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,573 shares of company stock worth $11,947,693. Company insiders own 4.00% of the company’s stock.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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