Totem Point Management LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 63,081 shares of the semiconductor company’s stock, valued at approximately $7,333,000. Monolithic Power Systems comprises about 5.5% of Totem Point Management LLC’s holdings, making the stock its 9th biggest holding.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Meeder Asset Management Inc. increased its position in shares of Monolithic Power Systems by 81.3% during the 4th quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 139 shares during the last quarter. Cutler Group LP bought a new position in Monolithic Power Systems during the 4th quarter worth approximately $58,000. Valeo Financial Advisors LLC grew its position in Monolithic Power Systems by 553.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 437 shares during the last quarter. TLP Group LLC bought a new position in Monolithic Power Systems during the 3rd quarter worth approximately $145,000. Finally, Captrust Financial Advisors grew its position in Monolithic Power Systems by 38.0% during the 4th quarter. Captrust Financial Advisors now owns 1,318 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 363 shares during the last quarter. Institutional investors and hedge funds own 99.50% of the company’s stock.
Several equities research analysts have weighed in on the company. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a report on Tuesday, December 18th. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective (down previously from $155.00) on shares of Monolithic Power Systems in a report on Wednesday, February 13th. Finally, Deutsche Bank increased their price objective on Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Monolithic Power Systems has an average rating of “Buy” and an average price target of $148.88.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.31. Monolithic Power Systems had a return on equity of 18.22% and a net margin of 18.08%. The business had revenue of $153.50 million during the quarter, compared to analysts’ expectations of $153.63 million. During the same quarter last year, the business posted $0.82 EPS. The business’s revenue was up 18.6% on a year-over-year basis. Equities analysts forecast that Monolithic Power Systems, Inc. will post 2.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, March 28th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.30. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 50.21%.
In other news, insider Deming Xiao sold 13,979 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $138.74, for a total value of $1,939,446.46. Following the completion of the transaction, the insider now owns 367,835 shares in the company, valued at approximately $51,033,427.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $137.01, for a total value of $2,055,150.00. Following the completion of the transaction, the director now owns 527,260 shares of the company’s stock, valued at approximately $72,239,892.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 324,111 shares of company stock valued at $43,107,436. 4.00% of the stock is currently owned by company insiders.
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About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications 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, monitors, automobiles, and medical equipment.
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