OMERS ADMINISTRATION Corp Has $4.65 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

OMERS ADMINISTRATION Corp boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 110.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,249 shares of the semiconductor company’s stock after buying an additional 2,234 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Monolithic Power Systems were worth $4,646,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lombard Odier Asset Management Switzerland SA purchased a new stake in Monolithic Power Systems in the 1st quarter worth about $2,420,000. Wealth Alliance LLC bought a new stake in Monolithic Power Systems in the first quarter worth approximately $216,000. Dai ichi Life Insurance Company Ltd increased its position in Monolithic Power Systems by 7.1% during the first quarter. Dai ichi Life Insurance Company Ltd now owns 1,741 shares of the semiconductor company’s stock worth $1,904,000 after buying an additional 116 shares during the last quarter. Morningstar Investment Management LLC raised its stake in shares of Monolithic Power Systems by 343.3% in the 1st quarter. Morningstar Investment Management LLC now owns 2,252 shares of the semiconductor company’s stock valued at $2,462,000 after acquiring an additional 1,744 shares in the last quarter. Finally, Compound Planning Inc. raised its position in shares of Monolithic Power Systems by 48.2% in the first quarter. Compound Planning Inc. now owns 753 shares of the semiconductor company’s stock valued at $824,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. KeyCorp lifted their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Wells Fargo & Company lowered their price target on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,657.27.

Monolithic Power Systems Stock Performance

MPWR opened at $1,339.08 on Tuesday. The company has a fifty day moving average price of $1,458.52 and a two-hundred day moving average price of $1,306.64. The firm has a market capitalization of $65.79 billion, a PE ratio of 96.55 and a beta of 1.71. Monolithic Power Systems, Inc. has a 52 week low of $706.00 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.04 earnings per share. Equities analysts forecast that Monolithic Power Systems, Inc. will post 20.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president directly owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff Zhou sold 1,014 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares of the company’s stock, valued at $7,595,669.16. This trade represents a 17.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,370 shares of company stock worth $112,702,503 over the last three months. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.