Bank of Nova Scotia Acquires 667 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bank of Nova Scotia lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 18.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,300 shares of the semiconductor company’s stock after purchasing an additional 667 shares during the period. Bank of Nova Scotia’s holdings in Monolithic Power Systems were worth $1,987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Private Advisor Group LLC boosted its holdings in Monolithic Power Systems by 31.3% in the first quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock worth $672,000 after acquiring an additional 330 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Monolithic Power Systems by 5.4% in the first quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock valued at $930,000 after purchasing an additional 99 shares in the last quarter. Cibc World Market Inc. lifted its holdings in shares of Monolithic Power Systems by 1,624.0% in the first quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock valued at $3,492,000 after purchasing an additional 6,772 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Monolithic Power Systems by 9.3% in the first quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock valued at $5,019,000 after purchasing an additional 883 shares in the last quarter. Finally, Prudential PLC bought a new position in shares of Monolithic Power Systems in the first quarter valued at approximately $439,000. Institutional investors own 96.52% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR opened at $735.68 on Tuesday. The firm has a market capitalization of $35.80 billion, a P/E ratio of 83.98, a price-to-earnings-growth ratio of 3.88 and a beta of 1.25. Monolithic Power Systems, Inc. has a one year low of $383.19 and a one year high of $761.50. The company has a fifty day moving average price of $653.62 and a 200-day moving average price of $558.05.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The business had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.21 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, March 27th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 0.68%. Monolithic Power Systems’s payout ratio is presently 45.66%.

Insiders Place Their Bets

In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $726.08, for a total transaction of $5,808,640.00. Following the sale, the chief executive officer now owns 907,232 shares in the company, valued at approximately $658,723,010.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the completion of the sale, the director now owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $726.08, for a total value of $5,808,640.00. Following the sale, the chief executive officer now directly owns 907,232 shares of the company’s stock, valued at approximately $658,723,010.56. The disclosure for this sale can be found here. Insiders sold a total of 185,173 shares of company stock valued at $110,812,424 in the last quarter. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MPWR shares. Needham & Company LLC increased their price target on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Oppenheimer boosted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen lifted their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $668.30.

Get Our Latest Stock Analysis on MPWR

Monolithic Power Systems Profile

(Free Report)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

See Also

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

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