OMERS ADMINISTRATION Corp Sells 1,192 Shares of Monolithic Power Systems, Inc. $MPWR

OMERS ADMINISTRATION Corp decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,015 shares of the semiconductor company’s stock after selling 1,192 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Monolithic Power Systems were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. NewSquare Capital LLC increased its holdings in shares of Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares during the period. WPG Advisers LLC acquired a new stake in Monolithic Power Systems in the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Monolithic Power Systems during the second quarter worth $36,000. SouthState Corp bought a new stake in Monolithic Power Systems during the 1st quarter worth $33,000. Finally, AdvisorNet Financial Inc raised its position in Monolithic Power Systems by 306.3% in the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the transaction, the executive vice president directly owned 187,331 shares in the company, valued at $173,556,551.57. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total value of $3,073,290.00. Following the transaction, the chief financial officer owned 74,332 shares of the company’s stock, valued at $76,147,930.76. This trade represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 102,426 shares of company stock worth $94,860,304. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Up 2.6%

Shares of MPWR stock opened at $952.18 on Wednesday. The firm has a 50 day moving average of $961.03 and a 200-day moving average of $835.18. The company has a market cap of $45.62 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 4.08 and a beta of 1.33. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same quarter in the prior year, the business earned $4.06 earnings per share. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. Analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems’s payout ratio is 15.93%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MPWR. Wells Fargo & Company raised their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Citigroup increased their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,047.27.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.