Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 806.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,084 shares of the semiconductor company’s stock after buying an additional 15,200 shares during the period. Public Sector Pension Investment Board’s holdings in Monolithic Power Systems were worth $15,794,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at about $25,000. NBC Securities Inc. boosted its stake in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC boosted its stake in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the period. Ashton Thomas Securities LLC acquired a new position in Monolithic Power Systems during the 3rd quarter valued at about $36,000. Finally, Atwood & Palmer Inc. acquired a new position in Monolithic Power Systems during the 2nd quarter valued at about $33,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,100 shares of company stock valued at $17,913,521 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MPWR. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price for the company. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC dropped their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, TD Cowen dropped their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $840.36.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $560.24 on Friday. The company’s 50 day simple moving average is $801.68 and its 200 day simple moving average is $818.17. Monolithic Power Systems, Inc. has a 12 month low of $538.00 and a 12 month high of $959.64. The company has a market capitalization of $27.33 billion, a P/E ratio of 63.16, a PEG ratio of 2.67 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

About Monolithic Power Systems

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.