Canada Pension Plan Investment Board Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Canada Pension Plan Investment Board raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1,947.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,396 shares of the semiconductor company’s stock after acquiring an additional 136,391 shares during the period. Canada Pension Plan Investment Board owned 0.29% of Monolithic Power Systems worth $117,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after buying an additional 148,771 shares during the last quarter. Vanguard Group Inc. raised its position in Monolithic Power Systems by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after purchasing an additional 90,589 shares during the last quarter. Wellington Management Group LLP boosted its stake in Monolithic Power Systems by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after purchasing an additional 85,676 shares during the period. SG Americas Securities LLC raised its holdings in shares of Monolithic Power Systems by 952.2% in the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock valued at $63,068,000 after buying an additional 84,253 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Monolithic Power Systems by 30.1% during the first quarter. Van ECK Associates Corp now owns 321,174 shares of the semiconductor company’s stock worth $217,569,000 after buying an additional 74,287 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 2.2 %

Shares of Monolithic Power Systems stock opened at $891.32 on Friday. The company has a 50-day moving average of $862.05 and a two-hundred day moving average of $776.26. The stock has a market cap of $43.39 billion, a PE ratio of 106.24, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. Monolithic Power Systems’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MPWR shares. Oppenheimer increased their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. Raymond James upped their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. KeyCorp lifted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Truist Financial increased their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Buy” and a consensus target price of $912.30.

Insider Activity

In related news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $820.46, for a total transaction of $820,460.00. Following the completion of the transaction, the director now directly owns 29,232 shares in the company, valued at approximately $23,983,686.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $820.46, for a total transaction of $820,460.00. Following the completion of the sale, the director now owns 29,232 shares in the company, valued at approximately $23,983,686.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 2,672 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the completion of the transaction, the chief executive officer now owns 877,736 shares in the company, valued at $706,200,053.52. The disclosure for this sale can be found here. Insiders have sold 98,299 shares of company stock worth $83,140,933 over the last ninety days. 3.20% 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.