Totem Point Management LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,081 shares of the semiconductor company’s stock, valued at approximately $7,333,000. Monolithic Power Systems accounts for about 5.5% of Totem Point Management LLC’s portfolio, making the stock its 9th biggest position. Totem Point Management LLC owned about 0.15% of Monolithic Power Systems at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Jennison Associates LLC lifted its stake in Monolithic Power Systems by 114.5% in the third quarter. Jennison Associates LLC now owns 263,476 shares of the semiconductor company’s stock valued at $33,074,000 after buying an additional 140,649 shares during the period. Cerebellum GP LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $252,000. Vanguard Group Inc. increased its holdings in shares of Monolithic Power Systems by 6.2% during the third quarter. Vanguard Group Inc. now owns 3,553,528 shares of the semiconductor company’s stock valued at $446,074,000 after acquiring an additional 208,362 shares in the last quarter. Westpac Banking Corp increased its holdings in shares of Monolithic Power Systems by 7.6% during the third quarter. Westpac Banking Corp now owns 45,356 shares of the semiconductor company’s stock valued at $5,694,000 after acquiring an additional 3,200 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Monolithic Power Systems by 1.3% during the third quarter. American International Group Inc. now owns 79,387 shares of the semiconductor company’s stock valued at $9,965,000 after acquiring an additional 1,011 shares in the last quarter. 99.50% of the stock is currently owned by institutional investors.
In other news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $137.01, for a total transaction of $2,055,150.00. Following the transaction, the director now owns 527,260 shares of the company’s stock, valued at approximately $72,239,892.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Hsing sold 14,516 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $129.59, for a total value of $1,881,128.44. Following the transaction, the chief executive officer now directly owns 1,059,878 shares in the company, valued at approximately $137,349,590.02. The disclosure for this sale can be found here. Insiders sold a total of 324,111 shares of company stock valued at $43,107,436 in the last 90 days. Corporate insiders own 4.00% of the company’s stock.
NASDAQ:MPWR traded up $3.42 during trading on Friday, reaching $141.37. The company’s stock had a trading volume of 1,876 shares, compared to its average volume of 313,990. The company has a market capitalization of $5.92 billion, a PE ratio of 59.20, a price-to-earnings-growth ratio of 1.92 and a beta of 1.43. Monolithic Power Systems, Inc. has a 12 month low of $101.99 and a 12 month high of $152.21.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.31. The firm had revenue of $153.50 million during the quarter, compared to the consensus estimate of $153.63 million. Monolithic Power Systems had a return on equity of 18.22% and a net margin of 18.08%. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 2.87 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders 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 yield of 1.13%. The ex-dividend date is Thursday, March 28th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.30. Monolithic Power Systems’s dividend payout ratio is 50.21%.
Several equities research analysts have recently commented on the company. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Deutsche Bank boosted their price objective on Monolithic Power Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Zacks Investment Research restated a “hold” rating and set a $126.00 price objective on shares of Monolithic Power Systems in a report on Monday, December 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $145.00 price objective (down previously from $155.00) on shares of Monolithic Power Systems in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $148.88.
Monolithic Power Systems Company Profile
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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