AGF Investments America Inc. decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,508 shares of the semiconductor company’s stock after selling 1,575 shares during the period. Monolithic Power Systems makes up about 2.2% of AGF Investments America Inc.’s holdings, making the stock its 20th biggest holding. AGF Investments America Inc. owned approximately 0.12% of Monolithic Power Systems worth $5,787,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of MPWR. Simplex Trading LLC purchased a new stake in Monolithic Power Systems during the 4th quarter valued at about $102,000. State of Alaska Department of Revenue purchased a new stake in Monolithic Power Systems during the 4th quarter valued at about $120,000. Cerebellum GP LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $127,000. Alps Advisors Inc. purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $206,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Monolithic Power Systems by 922.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,881 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 1,697 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.
Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at $117.00 on Monday. Monolithic Power Systems, Inc. has a 52 week low of $85.02 and a 52 week high of $126.80. The firm has a market capitalization of $4,868.84, a PE ratio of 63.93, a PEG ratio of 2.46 and a beta of 1.27.
Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The firm had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. Monolithic Power Systems’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. analysts forecast that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio is currently 53.69%.
Several brokerages have recently weighed in on MPWR. Deutsche Bank increased their price objective on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Stifel Nicolaus raised their target price on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. KeyCorp reiterated a “buy” rating and set a $125.00 price objective on shares of Monolithic Power Systems in a research report on Friday, October 27th. Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Finally, 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 for the company in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $129.25.
In other Monolithic Power Systems news, CEO Michael Hsing sold 96,181 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $108.19, for a total value of $10,405,822.39. Following the sale, the chief executive officer now owns 1,318,001 shares in the company, valued at approximately $142,594,528.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Deming Xiao sold 29,203 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $108.19, for a total value of $3,159,472.57. Following the completion of the sale, the insider now owns 340,036 shares in the company, valued at approximately $36,788,494.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 246,267 shares of company stock worth $27,253,427. Insiders own 4.00% of the company’s stock.
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Monolithic Power Systems 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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