Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,390 shares of the semiconductor company’s stock after purchasing an additional 315 shares during the period. CIBC Asset Management Inc’s holdings in Monolithic Power Systems were worth $4,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MPWR. FMR LLC lifted its stake in shares of Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after purchasing an additional 361,416 shares during the period. Van ECK Associates Corp lifted its stake in shares of Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after purchasing an additional 328,203 shares during the period. Geode Capital Management LLC lifted its stake in shares of Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after purchasing an additional 133,838 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Monolithic Power Systems by 92,842.9% in the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after purchasing an additional 123,481 shares during the period. Finally, Whale Rock Capital Management LLC lifted its stake in shares of Monolithic Power Systems by 104.4% in the 3rd quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock valued at $185,353,000 after purchasing an additional 102,380 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 0.3 %

Monolithic Power Systems stock opened at $692.51 on Thursday. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The firm has a market capitalization of $33.78 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 2.58 and a beta of 1.03. The company has a fifty day simple moving average of $635.04 and a 200-day simple moving average of $748.00.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s dividend payout ratio is currently 13.60%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MPWR shares. Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Oppenheimer reduced their price objective on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Rosenblatt Securities restated a “neutral” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Finally, KeyCorp upped their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $866.17.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 7,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

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.