Tokio Marine Asset Management Co. Ltd. grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,445 shares of the semiconductor company’s stock after buying an additional 39 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $1,336,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of MPWR. The Manufacturers Life Insurance Company increased its position in shares of Monolithic Power Systems by 311.8% during the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after acquiring an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Monolithic Power Systems by 1,947.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after purchasing an additional 136,391 shares in the last quarter. International Assets Investment Management LLC increased its holdings in 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 buying an additional 123,481 shares during the period. Van ECK Associates Corp grew its holdings in shares of Monolithic Power Systems by 26.3% during the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after purchasing an additional 93,362 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Monolithic Power Systems by 364.2% during the 2nd quarter. National Bank of Canada FI now owns 85,960 shares of the semiconductor company’s stock valued at $70,435,000 after purchasing an additional 67,444 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at $55,769,247.60. This represents a 3.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deming Xiao sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. The trade was a 25.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,359 shares of company stock valued at $36,209,571 in the last quarter. Insiders own 3.70% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Price Performance
Shares of MPWR stock opened at $573.38 on Friday. The company has a market cap of $27.97 billion, a P/E ratio of 64.64, a PEG ratio of 2.86 and a beta of 1.15. The stock’s 50-day moving average is $856.47 and its 200 day moving average is $826.00. Monolithic Power Systems, Inc. has a 1-year low of $532.86 and a 1-year high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.
Monolithic Power Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.
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.
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