Goldman Sachs Group Inc. raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 103.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 836,929 shares of the semiconductor company’s stock after acquiring an additional 426,360 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.01% of Monolithic Power Systems worth $94,038,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Simplex Trading LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $102,000. State of Alaska Department of Revenue bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $120,000. Cerebellum GP LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $127,000. Suntrust Banks Inc. bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $204,000. Finally, Alps Advisors Inc. bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at $206,000. 91.06% of the stock is owned by institutional investors.
In other news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $122.36, for a total transaction of $1,835,400.00. Following the completion of the sale, the director now owns 705,225 shares of the company’s stock, valued at $86,291,331. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Saria Tseng sold 4,057 shares of Monolithic Power Systems stock in a transaction on Monday, February 5th. The stock was 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 334,741 shares of company stock valued at $37,759,230. Company insiders own 4.00% of the company’s stock.
Monolithic Power Systems stock traded down $3.04 during trading hours on Thursday, hitting $122.35. 97,944 shares of the company traded hands, compared to its average volume of 320,797. Monolithic Power Systems, Inc. has a twelve month low of $88.19 and a twelve month high of $127.61. The company has a market capitalization of $5,271.17, a PE ratio of 82.46, a PEG ratio of 2.63 and a beta of 1.25.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The firm had revenue of $129.43 million during the quarter, compared to analysts’ expectations of $126.19 million. During the same period in the previous year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. analysts anticipate that Monolithic Power Systems, Inc. will post 2.64 EPS 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.98%. This is a boost 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 53.69%.
MPWR has been the subject of several analyst reports. Zacks Investment Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Monolithic Power Systems currently has a consensus rating of “Buy” and an average target price of $129.25.
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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.
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