Guggenheim Capital LLC Has $10.33 Million Stake in Monolithic Power Systems, Inc. (MPWR)

Guggenheim Capital LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,259 shares of the semiconductor company’s stock after purchasing an additional 430 shares during the period. Guggenheim Capital LLC owned about 0.21% of Monolithic Power Systems worth $10,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whale Rock Capital Management LLC increased its stake in shares of Monolithic Power Systems by 28.3% in the first quarter. Whale Rock Capital Management LLC now owns 317,479 shares of the semiconductor company’s stock worth $36,755,000 after purchasing an additional 70,087 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Monolithic Power Systems by 6.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,240 shares of the semiconductor company’s stock worth $836,000 after purchasing an additional 408 shares in the last quarter. Barclays PLC increased its stake in shares of Monolithic Power Systems by 30.3% in the first quarter. Barclays PLC now owns 11,277 shares of the semiconductor company’s stock worth $1,305,000 after purchasing an additional 2,620 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter worth $870,000. Finally, UBS Group AG increased its stake in shares of Monolithic Power Systems by 114.8% in the first quarter. UBS Group AG now owns 29,044 shares of the semiconductor company’s stock worth $3,362,000 after purchasing an additional 15,521 shares in the last quarter. 91.48% of the stock is owned by hedge funds and other institutional investors.

In other Monolithic Power Systems news, CEO Michael Hsing sold 20,000 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $111.90, for a total transaction of $2,238,000.00. Following the completion of the transaction, the chief executive officer now owns 1,224,789 shares in the company, valued at $137,053,889.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction on Monday, April 9th. The shares were sold at an average price of $113.41, for a total transaction of $1,701,150.00. Following the transaction, the director now owns 666,815 shares of the company’s stock, valued at approximately $75,623,489.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,576 shares of company stock valued at $17,383,789. 4.00% of the stock is owned by company insiders.

Shares of Monolithic Power Systems opened at $133.38 on Thursday, Marketbeat.com reports. Monolithic Power Systems, Inc. has a fifty-two week low of $94.24 and a fifty-two week high of $142.56. The firm has a market cap of $5.66 billion, a P/E ratio of 72.10, a P/E/G ratio of 3.04 and a beta of 1.32.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Monday, April 30th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. Monolithic Power Systems had a net margin of 14.52% and a return on equity of 17.04%. The firm had revenue of $129.20 million during the quarter, compared to analyst estimates of $125.18 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 28.7% on a year-over-year basis. analysts expect that Monolithic Power Systems, Inc. will post 2.46 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.90%. Monolithic Power Systems’s dividend payout ratio is 64.86%.

A number of analysts have recently issued reports on MPWR shares. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, June 11th. BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, May 1st. ValuEngine raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. Finally, Deutsche Bank increased their price objective on shares of Monolithic Power Systems from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 5th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $145.22.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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