Zurcher Kantonalbank Zurich Cantonalbank Acquires 18,985 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Zurcher Kantonalbank increased its stake in Monolithic Power Systems by 34.7%, acquiring an additional 18,985 shares, bringing its total ownership to 73,624 shares valued at approximately $42.7 million.
• Monolithic Power Systems reported quarterly earnings of $4.04 per share, exceeding analyst estimates, with revenue of $637.55 million, marking a year-over-year increase of 39.2%.
• The company declared a quarterly dividend of $1.56 per share, reflecting an annualized payout of $6.24 and a yield of 0.87%, with a low payout ratio of 16.56%.

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 34.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,624 shares of the semiconductor company's stock after purchasing an additional 18,985 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.15% of Monolithic Power Systems worth $42,700,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Monolithic Power Systems by 76,432.3% during the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after acquiring an additional 777,316 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after acquiring an additional 214,395 shares during the last quarter. Siemens Fonds Invest GmbH increased its position in shares of Monolithic Power Systems by 18,567.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock valued at $118,628,000 after acquiring an additional 199,413 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $113,547,000. Finally, Ensign Peak Advisors Inc increased its position in shares of Monolithic Power Systems by 121.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock valued at $199,449,000 after acquiring an additional 185,002 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Down 1.0%

NASDAQ:MPWR traded down $7.12 during trading hours on Thursday, hitting $723.43. 453,460 shares of the company's stock traded hands, compared to its average volume of 809,670. The firm has a market cap of $34.64 billion, a P/E ratio of 19.25, a P/E/G ratio of 2.87 and a beta of 1.20. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The business's fifty day simple moving average is $712.10 and its two-hundred day simple moving average is $648.04.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same period in the prior year, the business earned $2.81 EPS. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. On average, analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the transaction, the chief financial officer owned 46,939 shares in the company, valued at approximately $35,204,250. This represents a 11.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president owned 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock worth $13,046,800 in the last 90 days. Company insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen raised their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and issued a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus decreased their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. KeyCorp raised their target price on Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $805.67.

Monolithic Power Systems Company Profile

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.