California Public Employees Retirement System lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,977 shares of the semiconductor company’s stock after buying an additional 3,133 shares during the period. California Public Employees Retirement System’s holdings in Monolithic Power Systems were worth $14,604,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Simplex Trading LLC purchased a new position in Monolithic Power Systems during the fourth quarter worth about $102,000. State of Alaska Department of Revenue purchased a new position in Monolithic Power Systems during the fourth quarter worth about $120,000. Cerebellum GP LLC purchased a new position in Monolithic Power Systems during the fourth quarter worth about $127,000. Alps Advisors Inc. purchased a new position in Monolithic Power Systems during the fourth quarter worth about $206,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Monolithic Power Systems by 922.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,881 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 1,697 shares during the period. 90.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have commented on MPWR shares. BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Zacks Investment Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Monolithic Power Systems currently has an average rating of “Buy” and a consensus price target of $129.25.
In other news, VP Saria Tseng sold 4,057 shares of the business’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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 459 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $117.91, for a total transaction of $54,120.69. Following the completion of the sale, the chief financial officer now directly owns 40,336 shares in the company, valued at $4,756,017.76. The disclosure for this sale can be found here. Insiders sold a total of 305,585 shares of company stock worth $34,247,093 over the last three months. Insiders own 4.00% of the company’s stock.
Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $118.05 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $87.00 and a 52 week high of $126.80. The company has a market cap of $4,940.00, a PE ratio of 78.70, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26.
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 predict that Monolithic Power Systems, Inc. will post 2.64 EPS for the current fiscal 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 1.02%. 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 53.33%.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://transcriptdaily.com/2018/02/25/california-public-employees-retirement-system-boosts-stake-in-monolithic-power-systems-inc-mpwr.html.
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.
Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).
Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.