Caisse DE Depot ET Placement DU Quebec Buys 88,381 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Caisse DE Depot ET Placement DU Quebec raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 172.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,589 shares of the semiconductor company's stock after acquiring an additional 88,381 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.29% of Monolithic Power Systems worth $82,595,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MPWR. Tradewinds Capital Management LLC lifted its position in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new position in Monolithic Power Systems in the fourth quarter worth $27,000. West Oak Capital LLC increased its stake in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 545 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth about $39,000. Finally, AlphaQuest LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $41,000. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 0.5 %

Shares of MPWR stock traded down $3.25 during midday trading on Tuesday, reaching $624.15. 555,262 shares of the stock were exchanged, compared to its average volume of 778,868. The firm has a market cap of $29.88 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The company's 50 day moving average is $569.72 and its two-hundred day moving average is $626.88. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. During the same period last year, the business earned $2.81 EPS. Monolithic Power Systems's quarterly revenue was up 39.2% compared to the same quarter last year. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given 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 1.00%. The ex-dividend date of this dividend was Monday, March 31st. Monolithic Power Systems's payout ratio is currently 16.56%.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the transaction, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MPWR. Loop Capital increased their price target 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. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities restated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday. Stifel Nicolaus decreased their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their target price on 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $779.83.

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.