Principal Financial Group Inc. decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,265 shares of the semiconductor company's stock after selling 2,447 shares during the quarter. Principal Financial Group Inc. owned 0.35% of Monolithic Power Systems worth $151,604,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. QRG Capital Management Inc. lifted its position in Monolithic Power Systems by 11.0% in the 4th quarter. QRG Capital Management Inc. now owns 6,875 shares of the semiconductor company's stock worth $6,231,000 after buying an additional 682 shares during the last quarter. Triasima Portfolio Management inc. lifted its position in Monolithic Power Systems by 26.2% in the 4th quarter. Triasima Portfolio Management inc. now owns 3,697 shares of the semiconductor company's stock worth $3,351,000 after buying an additional 767 shares during the last quarter. KPP Advisory Services LLC lifted its position in Monolithic Power Systems by 11.6% in the 4th quarter. KPP Advisory Services LLC now owns 1,131 shares of the semiconductor company's stock worth $1,025,000 after buying an additional 118 shares during the last quarter. PKO Investment Management Joint Stock Co bought a new stake in Monolithic Power Systems in the 4th quarter worth approximately $1,360,000. Finally, Benjamin Edwards Inc. bought a new stake in Monolithic Power Systems in the 4th quarter worth approximately $7,043,000. Hedge funds and other institutional investors own 93.46% of the company's stock.
Monolithic Power Systems Stock Performance
Shares of MPWR stock opened at $1,589.00 on Wednesday. Monolithic Power Systems, Inc. has a fifty-two week low of $612.95 and a fifty-two week high of $1,661.79. The stock has a 50 day moving average price of $1,236.23 and a two-hundred day moving average price of $1,091.50. The company has a market capitalization of $78.07 billion, a P/E ratio of 114.56, a PEG ratio of 3.31 and a beta of 1.74.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the previous year, the company posted $4.04 earnings per share. The business's revenue was up 26.1% on a year-over-year basis. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 17.01 earnings per share for the current year.
Monolithic Power Systems Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $2.00 dividend. The ex-dividend date was Tuesday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.5%. Monolithic Power Systems's dividend payout ratio is presently 57.68%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on MPWR. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research report on Friday. Weiss Ratings downgraded Monolithic Power Systems from a "buy (b-)" rating to a "hold (c)" rating in a research report on Monday, March 2nd. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Finally, Raymond James Financial restated an "outperform" rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,599.17.
Read Our Latest Research Report on Monolithic Power Systems
Insider Buying and Selling
In related news, EVP Saria Tseng sold 8,963 shares of the company's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $1,305.22, for a total transaction of $11,698,686.86. Following the completion of the transaction, the executive vice president owned 156,983 shares in the company, valued at $204,897,351.26. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Maurice Sciammas sold 30 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $1,116.44, for a total value of $33,493.20. Following the transaction, the executive vice president owned 1,239 shares of the company's stock, valued at approximately $1,383,269.16. This represents a 2.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 134,683 shares of company stock worth $154,749,167. Company insiders own 3.40% of the company's stock.
Monolithic Power Systems Company Profile
(
Free Report)
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.
Further Reading
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