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

CIBC Asset Management Inc lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,075 shares of the semiconductor company’s stock after acquiring an additional 555 shares during the quarter. CIBC Asset Management Inc’s holdings in Monolithic Power Systems were worth $6,541,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Lifeworks Advisors LLC acquired a new position in shares of Monolithic Power Systems during the third quarter worth about $469,000. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Monolithic Power Systems by 2.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,445 shares of the semiconductor company’s stock worth $1,336,000 after acquiring an additional 39 shares during the period. Metis Global Partners LLC increased its stake in shares of Monolithic Power Systems by 4.3% during the third quarter. Metis Global Partners LLC now owns 2,138 shares of the semiconductor company’s stock worth $1,977,000 after acquiring an additional 88 shares during the period. KBC Group NV increased its stake in shares of Monolithic Power Systems by 5.7% during the third quarter. KBC Group NV now owns 22,826 shares of the semiconductor company’s stock worth $21,102,000 after acquiring an additional 1,234 shares during the period. Finally, Huntington National Bank boosted its holdings in Monolithic Power Systems by 3.1% during the third quarter. Huntington National Bank now owns 821 shares of the semiconductor company’s stock worth $759,000 after buying an additional 25 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Truist Financial reissued a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $950.00 price objective on shares of Monolithic Power Systems in a report on Tuesday, November 12th. Finally, Raymond James boosted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $916.73.

Check Out Our Latest Stock Report on MPWR

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $573.38 on Monday. The firm has a 50 day simple moving average of $856.47 and a 200-day simple moving average of $827.10. The firm has a market cap of $27.97 billion, a PE ratio of 64.64, a P/E/G ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1-year low of $532.86 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 734 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares of the company’s stock, valued at $42,805,551.60. This represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,359 shares of company stock valued at $36,209,571. Insiders own 3.70% of the company’s stock.

About Monolithic Power Systems

(Free Report)

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

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