Captrust Financial Advisors purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 940 shares of the semiconductor company’s stock, valued at approximately $106,000.
A number of other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in Monolithic Power Systems by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 1,306,095 shares of the semiconductor company’s stock valued at $146,759,000 after purchasing an additional 74,118 shares during the period. Earnest Partners LLC boosted its holdings in Monolithic Power Systems by 0.4% in the 3rd quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock valued at $105,312,000 after purchasing an additional 3,973 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Monolithic Power Systems by 103.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 836,929 shares of the semiconductor company’s stock valued at $94,038,000 after purchasing an additional 426,360 shares during the period. Congress Asset Management Co. MA boosted its holdings in Monolithic Power Systems by 1.1% in the 4th quarter. Congress Asset Management Co. MA now owns 801,226 shares of the semiconductor company’s stock valued at $90,026,000 after purchasing an additional 9,068 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Monolithic Power Systems by 3.1% in the 4th quarter. Alliancebernstein L.P. now owns 692,258 shares of the semiconductor company’s stock valued at $77,782,000 after purchasing an additional 21,111 shares during the period. 91.12% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on MPWR shares. BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $129.25.
Monolithic Power Systems stock opened at $124.72 on Monday. Monolithic Power Systems, Inc. has a one year low of $88.19 and a one year high of $127.61. The stock has a market cap of $5,254.70, a price-to-earnings ratio of 83.70, a PEG ratio of 2.62 and a beta of 1.25.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The company had revenue of $129.43 million during the quarter, compared to analysts’ expectations of $126.19 million. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue was up 24.9% on a year-over-year basis. equities research analysts forecast that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be paid a $0.30 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.96%. Monolithic Power Systems’s dividend payout ratio is currently 53.69%.
In related news, CFO Theodore Blegen sold 450 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $120.66, for a total transaction of $54,297.00. Following the completion of the sale, the chief financial officer now owns 40,142 shares in the company, valued at approximately $4,843,533.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 17,354 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $113.85, for a total transaction of $1,975,752.90. Following the sale, the chief executive officer now owns 1,088,915 shares of the company’s stock, valued at approximately $123,972,972.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 330,322 shares of company stock valued at $37,219,935. Corporate insiders own 4.00% of the company’s stock.
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Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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