Canada Pension Plan Investment Board Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Canada Pension Plan Investment Board bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 148,792 shares of the semiconductor company’s stock, valued at approximately $205,684,000.

A number of other institutional investors have also modified their holdings of MPWR. Fideuram Asset Management Ireland dac acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $3,983,000. Mirabaud Asset Management Ltd acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $4,424,000. Baker Avenue Asset Management LP grew its stake in shares of Monolithic Power Systems by 436.6% in the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock worth $2,884,000 after purchasing an additional 2,589 shares during the last quarter. Norges Bank bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $658,656,000. Finally, ProShare Advisors LLC raised its holdings in shares of Monolithic Power Systems by 291.9% in the 4th quarter. ProShare Advisors LLC now owns 99,461 shares of the semiconductor company’s stock worth $90,147,000 after purchasing an additional 74,082 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MPWR. TD Cowen increased their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. KeyCorp lifted their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Truist Financial raised their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,731.42.

Monolithic Power Systems Trading Down 0.0%

NASDAQ MPWR opened at $1,303.88 on Thursday. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The company has a market cap of $64.08 billion, a PE ratio of 79.94 and a beta of 1.69. The stock’s 50-day moving average price is $1,359.26 and its two-hundred day moving average price is $1,350.32.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million during 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%. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period last year, the company posted $4.21 earnings per share. Research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the sale, the director owned 515 shares of the company’s stock, 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 sold a total of 190 shares of company stock valued at $261,964 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Profile

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.