Jane Street Group LLC reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 47.4% during the 4th quarter, HoldingsChannel reports. The fund owned 4,532 shares of the semiconductor company’s stock after selling 4,092 shares during the quarter. Jane Street Group LLC’s holdings in Monolithic Power Systems were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Simplex Trading LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth $102,000. Captrust Financial Advisors bought a new stake in Monolithic Power Systems during the fourth quarter worth $106,000. State of Alaska Department of Revenue bought a new stake in Monolithic Power Systems during the fourth quarter worth $120,000. Cerebellum GP LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth $127,000. Finally, Zeke Capital Advisors LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at about $201,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Theodore Blegen sold 450 shares of the firm’s 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 transaction, the chief financial officer now directly owns 40,142 shares of the company’s stock, valued at $4,843,533.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Hsing sold 17,354 shares of the firm’s 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 transaction, the chief executive officer now directly owns 1,088,915 shares in the company, valued at $123,972,972.75. The disclosure for this sale can be found here. Insiders sold 354,741 shares of company stock worth $39,997,230 over the last three months. Insiders own 4.00% of the company’s stock.
Several equities analysts have recently weighed in on MPWR shares. BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Zacks Investment Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research 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 stock. The stock presently has an average rating of “Buy” and an average price target of $129.25.
Shares of MPWR opened at $110.94 on Monday. The stock has a market capitalization of $4,674.12, a PE ratio of 59.97, a P/E/G ratio of 2.33 and a beta of 1.28. Monolithic Power Systems, Inc. has a fifty-two week low of $88.19 and a fifty-two week high of $127.61.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The company had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The company’s revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. sell-side analysts predict that Monolithic Power Systems, Inc. will post 2.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a $0.30 dividend. The ex-dividend date is Wednesday, March 28th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a dividend yield of 1.08%. Monolithic Power Systems’s dividend payout ratio is presently 64.86%.
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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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