Blair William & Co. IL boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,572 shares of the semiconductor company’s stock after purchasing an additional 97 shares during the period. Blair William & Co. IL’s holdings in Monolithic Power Systems were worth $3,734,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in Monolithic Power Systems by 18.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,308 shares of the semiconductor company’s stock worth $462,000 after purchasing an additional 200 shares in the last quarter. Bank of Montreal Can increased its holdings in Monolithic Power Systems by 312.7% during the 1st quarter. Bank of Montreal Can now owns 25,502 shares of the semiconductor company’s stock worth $9,649,000 after purchasing an additional 19,323 shares in the last quarter. Aviva PLC increased its holdings in Monolithic Power Systems by 130.0% during the 1st quarter. Aviva PLC now owns 22,523 shares of the semiconductor company’s stock worth $7,955,000 after purchasing an additional 12,732 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in Monolithic Power Systems during the 1st quarter worth about $336,000. Finally, Korea Investment CORP increased its holdings in Monolithic Power Systems by 121.1% during the 1st quarter. Korea Investment CORP now owns 27,200 shares of the semiconductor company’s stock worth $9,607,000 after purchasing an additional 14,900 shares in the last quarter. Hedge funds and other institutional investors own 92.58% of the company’s stock.
In other Monolithic Power Systems news, CEO Michael Hsing sold 63,583 shares of the business’s stock in a transaction that occurred on Tuesday, March 30th. The shares were sold at an average price of $339.06, for a total transaction of $21,558,451.98. Following the completion of the transaction, the chief executive officer now directly owns 1,091,992 shares in the company, valued at $370,250,807.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 905 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $364.78, for a total transaction of $330,125.90. Following the transaction, the chief financial officer now owns 156,097 shares of the company’s stock, valued at $56,941,063.66. The disclosure for this sale can be found here. Insiders have sold 121,976 shares of company stock valued at $41,522,468 over the last 90 days. Company insiders own 2.00% of the company’s stock.
Monolithic Power Systems stock opened at $350.08 on Thursday. The stock’s 50-day simple moving average is $345.92. The company has a market capitalization of $16.02 billion, a PE ratio of 95.39, a P/E/G ratio of 3.11 and a beta of 0.89. Monolithic Power Systems, Inc. has a 52 week low of $215.93 and a 52 week high of $406.75.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Tuesday, May 4th. The semiconductor company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.12. The firm had revenue of $254.50 million during the quarter, compared to the consensus estimate of $242.43 million. Monolithic Power Systems had a net margin of 18.65% and a return on equity of 18.23%. The business’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 4.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, June 29th. This represents a $2.40 annualized dividend and a yield of 0.69%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 68.18%.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.
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