Northern Trust Corp Sells 1,122 Shares of Monolithic Power Systems, Inc. (MPWR)

Northern Trust Corp decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,582 shares of the semiconductor company’s stock after selling 1,122 shares during the period. Northern Trust Corp owned 0.75% of Monolithic Power Systems worth $37,151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Monolithic Power Systems by 10.8% in the 3rd quarter. BlackRock Inc. now owns 4,198,262 shares of the semiconductor company’s stock valued at $527,006,000 after purchasing an additional 408,839 shares during the last quarter. Vanguard Group Inc. lifted its stake in Monolithic Power Systems by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,553,528 shares of the semiconductor company’s stock valued at $446,074,000 after purchasing an additional 208,362 shares during the last quarter. Vanguard Group Inc lifted its stake in Monolithic Power Systems by 6.2% in the 3rd quarter. Vanguard Group Inc now owns 3,553,528 shares of the semiconductor company’s stock valued at $446,074,000 after purchasing an additional 208,362 shares during the last quarter. Franklin Resources Inc. lifted its stake in Monolithic Power Systems by 28.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,184,008 shares of the semiconductor company’s stock valued at $274,166,000 after purchasing an additional 488,655 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Monolithic Power Systems by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 746,614 shares of the semiconductor company’s stock valued at $93,723,000 after purchasing an additional 176,809 shares during the last quarter. Institutional investors own 99.17% of the company’s stock.

Several equities research analysts recently issued reports on MPWR shares. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Tuesday, December 18th. ValuEngine downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Needham & Company LLC restated a “buy” rating and set a $145.00 price objective (down from $155.00) on shares of Monolithic Power Systems in a research report on Wednesday, February 13th. Deutsche Bank raised their price objective on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Finally, BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Monolithic Power Systems presently has an average rating of “Buy” and a consensus target price of $148.88.

Shares of NASDAQ MPWR traded down $0.67 during midday trading on Monday, reaching $151.57. The company’s stock had a trading volume of 196,080 shares, compared to its average volume of 301,074. Monolithic Power Systems, Inc. has a fifty-two week low of $101.99 and a fifty-two week high of $153.54. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 63.42, a PEG ratio of 2.08 and a beta of 1.43.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.31. Monolithic Power Systems had a net margin of 18.08% and a return on equity of 18.22%. The company had revenue of $153.50 million during the quarter, compared to the consensus estimate of $153.63 million. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. Research analysts predict that Monolithic Power Systems, Inc. will post 2.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, March 28th. Monolithic Power Systems’s payout ratio is presently 66.95%.

In related news, CFO Theodore Blegen sold 899 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $123.50, for a total value of $111,026.50. Following the transaction, the chief financial officer now directly owns 53,907 shares of the company’s stock, valued at $6,657,514.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Hsing sold 75,241 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $136.26, for a total transaction of $10,252,338.66. Following the completion of the transaction, the chief executive officer now directly owns 1,202,378 shares in the company, valued at $163,836,026.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 384,533 shares of company stock valued at $51,913,752. 4.00% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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