Rhumbline Advisers grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.1% during the first quarter, Holdings Channel reports. The institutional investor owned 134,215 shares of the semiconductor company’s stock after purchasing an additional 21,568 shares during the period. Rhumbline Advisers’ holdings in Monolithic Power Systems were worth $18,185,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Millennium Management LLC raised its position in Monolithic Power Systems by 0.4% in the fourth quarter. Millennium Management LLC now owns 85,149 shares of the semiconductor company’s stock worth $9,899,000 after acquiring an additional 361 shares during the period. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $43,585,000. TrimTabs Asset Management LLC raised its position in shares of Monolithic Power Systems by 5.0% during the 1st quarter. TrimTabs Asset Management LLC now owns 10,764 shares of the semiconductor company’s stock valued at $1,458,000 after purchasing an additional 511 shares during the period. Chartwell Investment Partners LLC raised its position in shares of Monolithic Power Systems by 9.1% during the 1st quarter. Chartwell Investment Partners LLC now owns 53,153 shares of the semiconductor company’s stock valued at $7,202,000 after purchasing an additional 4,451 shares during the period. Finally, Raymond James Trust N.A. bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $220,000. Institutional investors own 99.03% of the company’s stock.
In other Monolithic Power Systems news, CFO Theodore Blegen sold 1,681 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $138.03, for a total value of $232,028.43. Following the completion of the transaction, the chief financial officer now directly owns 81,509 shares of the company’s stock, valued at approximately $11,250,687.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Hsing sold 75,241 shares of Monolithic Power Systems stock in a transaction on Wednesday, February 27th. The stock was 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 of the company’s stock, valued at $163,836,026.28. The disclosure for this sale can be found here. Insiders sold a total of 267,530 shares of company stock valued at $37,140,938 over the last three months. Corporate insiders own 4.00% of the company’s stock.
MPWR opened at $126.52 on Tuesday. The firm has a market cap of $5.88 billion, a P/E ratio of 52.94, a P/E/G ratio of 2.09 and a beta of 1.46. Monolithic Power Systems, Inc. has a fifty-two week low of $101.99 and a fifty-two week high of $161.22.
Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $141.11 million. Monolithic Power Systems had a net margin of 18.43% and a return on equity of 17.99%. Monolithic Power Systems’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.79 earnings per share. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 2.62 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.40 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, March 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 66.95%.
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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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