Caisse de depot et placement du Quebec Makes New $69.44 Million Investment in Monolithic Power Systems, Inc. $MPWR

Caisse de depot et placement du Quebec bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 50,232 shares of the semiconductor company’s stock, valued at approximately $69,439,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Fund Management LLC increased its position in shares of Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 7 shares in the last quarter. Covestor Ltd raised its holdings in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the last quarter. Bell Investment Advisors Inc increased its stake in Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 9 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Monolithic Power Systems by 1.4% during the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after acquiring an additional 10 shares during the last quarter. Finally, KCM Investment Advisors LLC increased its position in Monolithic Power Systems by 2.2% during the first quarter. KCM Investment Advisors LLC now owns 467 shares of the semiconductor company’s stock worth $511,000 after purchasing an additional 10 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 0.6%

NASDAQ:MPWR opened at $1,311.08 on Friday. The firm’s fifty day simple moving average is $1,354.21 and its 200 day simple moving average is $1,350.89. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09. The firm has a market capitalization of $64.43 billion, a price-to-earnings ratio of 80.39 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period in the prior year, the firm earned $4.21 EPS. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. On average, analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.05%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Truist Financial boosted their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company upped their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. TD Cowen raised their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,731.42.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 190 shares of company stock valued at $261,964 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems Company 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.