Monolithic Power Systems, Inc. (NASDAQ:MPWR) Position Decreased by Creative Planning
Creative Planning cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,799 shares of the semiconductor company’s stock after selling 1,900 shares during the period. Creative Planning owned 0.34% of Monolithic Power Systems worth $13,669,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Monolithic Power Systems by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 323,461 shares of the semiconductor company’s stock worth $26,502,000 after buying an additional 4,174 shares during the period. Envestnet Asset Management Inc. increased its position in Monolithic Power Systems by 68.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,900 shares of the semiconductor company’s stock worth $236,000 after buying an additional 1,180 shares during the period. GSA Capital Partners LLP purchased a new position in Monolithic Power Systems during the fourth quarter worth about $270,000. Numeric Investors LLC purchased a new position in Monolithic Power Systems during the fourth quarter worth about $221,000. Finally, Norges Bank purchased a new position in Monolithic Power Systems during the fourth quarter worth about $21,332,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.
Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 101.55 on Monday. Monolithic Power Systems, Inc. has a 12-month low of $71.09 and a 12-month high of $107.87. The firm’s 50-day moving average price is $99.72 and its 200-day moving average price is $93.86. The company has a market capitalization of $4.20 billion, a PE ratio of 71.61 and a beta of 1.23.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $112.20 million for the quarter, compared to the consensus estimate of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, analysts expect that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, June 28th. Monolithic Power Systems’s dividend payout ratio is currently 56.74%.
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A number of equities analysts have recently issued reports on MPWR shares. Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Stifel Nicolaus lowered their target price on Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, April 26th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price (up from $94.00) on shares of Monolithic Power Systems in a research report on Thursday, April 27th. Deutsche Bank AG reiterated a “buy” rating and set a $97.00 target price (up from $95.00) on shares of Monolithic Power Systems in a research report on Friday, April 28th. Finally, Pacific Crest reiterated an “overweight” rating and set a $110.00 target price on shares of Monolithic Power Systems in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $112.29.
In related news, CEO Michael Hsing sold 18,815 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $96.13, for a total transaction of $1,808,685.95. Following the sale, the chief executive officer now owns 1,183,434 shares of the company’s stock, valued at $113,763,510.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James C. Moyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $103.12, for a total transaction of $1,237,440.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,197 shares of company stock worth $8,748,708. 4.00% of the stock is owned by insiders.
About Monolithic Power Systems
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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