Caisse de depot et placement du Quebec Invests $69.44 Million in Monolithic Power Systems, Inc. $MPWR

Caisse de depot et placement du Quebec bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,232 shares of the semiconductor company’s stock, valued at approximately $69,439,000. Caisse de depot et placement du Quebec owned approximately 0.10% of Monolithic Power Systems at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Odyssean LLC boosted its holdings in Monolithic Power Systems by 35.8% in the second quarter. Odyssean LLC now owns 1,885 shares of the semiconductor company’s stock valued at $2,606,000 after purchasing an additional 497 shares in the last quarter. Man Group plc purchased a new position in Monolithic Power Systems during the 2nd quarter worth approximately $51,299,000. Jupiter Topco LLC purchased a new position in Monolithic Power Systems during the 2nd quarter worth approximately $9,745,000. Wedbush Fund Advisers LLC acquired a new position in Monolithic Power Systems during the second quarter worth approximately $654,000. Finally, Hsbc Holdings PLC acquired a new position in Monolithic Power Systems during the second quarter worth approximately $262,389,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 190 shares of company stock valued at $261,964 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on MPWR. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a report on Friday, July 31st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,311.08 on Friday. The business has a 50 day simple moving average of $1,354.21 and a 200-day simple moving average of $1,350.89. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The stock has a market capitalization of $64.43 billion, a PE ratio of 80.39 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems’s revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.21 EPS. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 49.05%.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.