Canada Pension Plan Investment Board Invests $205.68 Million in Monolithic Power Systems, Inc. $MPWR

Key Points

• Canada Pension Plan Investment Board acquired 148,792 shares of Monolithic Power Systems during the second quarter, worth approximately $205.7 million and representing about 0.30% of the company.
• Institutional ownership remains substantial at 93.46%, while company insiders have sold $261,964 worth of stock over the past 90 days.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 EPS and $980.64 million in revenue, with revenue up 47.6% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $1,731.42.

Canada Pension Plan Investment Board acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 148,792 shares of the semiconductor company's stock, valued at approximately $205,684,000. Canada Pension Plan Investment Board owned approximately 0.30% of Monolithic Power Systems at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nicholas Investment Partners LP purchased a new position in Monolithic Power Systems in the second quarter valued at approximately $16,767,000. Legal & General Group Plc purchased a new stake in Monolithic Power Systems during the second quarter worth approximately $497,561,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Monolithic Power Systems in the second quarter worth $68,962,000. Fiduciary Financial Advisors acquired a new stake in shares of Monolithic Power Systems in the second quarter worth $108,000. Finally, Brandywine Managers LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $834,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director owned 515 shares in the company, valued at approximately $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president directly owned 1,119 shares of the company's stock, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 190 shares of company stock worth $261,964. Corporate insiders own 3.60% of the company's stock.

Monolithic Power Systems Trading Down 0.0%

Shares of MPWR stock opened at $1,303.88 on Thursday. The company has a market capitalization of $64.08 billion, a PE ratio of 79.94 and a beta of 1.69. The firm has a fifty day simple moving average of $1,359.26 and a 200-day simple moving average of $1,350.32. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the previous year, the firm posted $4.21 EPS. The firm's quarterly revenue was up 47.6% on a year-over-year basis. Equities research analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's payout ratio is presently 49.05%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Raymond James Financial reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Truist Financial raised their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Citigroup restated a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen upped their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,731.42.

About Monolithic Power Systems

Monolithic Power Systems NASDAQ: MPWR is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

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