Alliancebernstein L.P. increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 692,258 shares of the semiconductor company’s stock after buying an additional 21,111 shares during the quarter. Alliancebernstein L.P. owned 1.66% of Monolithic Power Systems worth $77,782,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Simplex Trading LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at about $102,000. State of Alaska Department of Revenue bought a new stake in Monolithic Power Systems in the 4th quarter valued at about $120,000. Cerebellum GP LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at about $127,000. Suntrust Banks Inc. bought a new stake in Monolithic Power Systems in the 4th quarter valued at about $204,000. Finally, Alps Advisors Inc. bought a new stake in Monolithic Power Systems in the 4th quarter valued at about $206,000. 91.07% of the stock is currently owned by institutional investors.
Shares of MPWR traded down $4.97 during midday trading on Monday, hitting $110.80. 299,617 shares of the company traded hands, compared to its average volume of 324,000. Monolithic Power Systems, Inc. has a one year low of $88.19 and a one year high of $127.61. The stock has a market cap of $4,877.65, a PE ratio of 59.89, a P/E/G ratio of 2.43 and a beta of 1.28.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. The firm had revenue of $129.43 million for the quarter, compared to analysts’ expectations of $126.19 million. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s revenue was up 24.9% on a year-over-year basis. equities analysts expect that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a dividend yield of 1.08%. Monolithic Power Systems’s dividend payout ratio is currently 64.86%.
A number of equities research analysts recently issued reports on the company. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 23rd. Zacks Investment Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $129.25.
In other news, insider Deming Xiao sold 4,382 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $113.85, for a total transaction of $498,890.70. Following the sale, the insider now directly owns 270,479 shares in the company, valued at $30,794,034.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 450 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $120.66, for a total value of $54,297.00. Following the sale, the chief financial officer now owns 40,142 shares in the company, valued at $4,843,533.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 334,741 shares of company stock worth $37,759,230. Company insiders own 4.00% of the company’s stock.
About Monolithic Power Systems
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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