State of Wisconsin Investment Board cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,000 shares of the semiconductor company’s stock after selling 12,000 shares during the quarter. State of Wisconsin Investment Board owned about 0.52% of Monolithic Power Systems worth $24,157,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in Monolithic Power Systems by 9.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 92,305 shares of the semiconductor company’s stock valued at $10,371,000 after purchasing an additional 7,630 shares during the last quarter. First Trust Advisors LP boosted its holdings in Monolithic Power Systems by 15.1% in the 4th quarter. First Trust Advisors LP now owns 34,853 shares of the semiconductor company’s stock valued at $3,916,000 after purchasing an additional 4,567 shares during the last quarter. New Mexico Educational Retirement Board acquired a new position in Monolithic Power Systems in the 4th quarter valued at about $1,056,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Monolithic Power Systems by 42.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,314 shares of the semiconductor company’s stock valued at $260,000 after purchasing an additional 687 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in Monolithic Power Systems by 1.8% in the 4th quarter. Whittier Trust Co. now owns 42,019 shares of the semiconductor company’s stock valued at $4,721,000 after purchasing an additional 757 shares during the last quarter. Hedge funds and other institutional investors own 91.12% of the company’s stock.
In related news, VP Saria Tseng sold 4,057 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $113.85, for a total transaction of $461,889.45. Following the sale, the vice president now directly owns 262,669 shares of the company’s stock, valued at approximately $29,904,865.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $120.66, for a total transaction of $54,297.00. Following the sale, the chief financial officer now directly owns 40,142 shares in the company, valued at $4,843,533.72. The disclosure for this sale can be found here. Insiders sold a total of 332,015 shares of company stock worth $37,414,054 over the last three months. Insiders own 4.00% of the company’s stock.
Several equities analysts have weighed in on MPWR shares. BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a 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 report on Wednesday, December 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $129.25.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded down $0.50 during trading on Wednesday, hitting $123.20. 161,279 shares of the stock were exchanged, compared to its average volume of 323,447. The stock has a market cap of $5,180.00, a P/E ratio of 46.14, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. Monolithic Power Systems, Inc. has a twelve month low of $88.19 and a twelve month high of $127.61.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results 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. The business had revenue of $129.43 million for the quarter, compared to the consensus estimate of $126.19 million. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. analysts anticipate that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current year.
The business also recently declared 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 represents a $1.20 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, March 28th. Monolithic Power Systems’s payout ratio is 29.96%.
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Monolithic Power Systems Company 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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