Caisse DE Depot ET Placement DU Quebec Has $47.34 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Caisse DE Depot ET Placement DU Quebec raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 79.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,208 shares of the semiconductor company's stock after buying an additional 22,642 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.10% of Monolithic Power Systems worth $47,342,000 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. FMR LLC raised its position in Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after buying an additional 361,416 shares during the period. Van ECK Associates Corp increased its holdings in shares of Monolithic Power Systems by 26.3% in the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company's stock valued at $395,715,000 after purchasing an additional 93,362 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Monolithic Power Systems by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company's stock worth $290,537,000 after purchasing an additional 5,645 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Monolithic Power Systems by 14.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company's stock worth $226,767,000 after purchasing an additional 34,557 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Monolithic Power Systems by 0.5% during the second quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company's stock worth $193,513,000 after purchasing an additional 1,262 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. This trade represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the sale, the chief financial officer now directly owns 55,944 shares in the company, valued at approximately $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,100 shares of company stock valued at $17,913,521. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Stock Up 1.3 %

MPWR stock traded up $7.40 during midday trading on Friday, hitting $567.64. 595,268 shares of the company traded hands, compared to its average volume of 1,344,465. Monolithic Power Systems, Inc. has a twelve month low of $542.73 and a twelve month high of $959.64. The stock has a market capitalization of $27.69 billion, a price-to-earnings ratio of 64.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.15. The business has a 50 day simple moving average of $795.21 and a 200-day simple moving average of $818.50.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.88%. Monolithic Power Systems's dividend payout ratio is 56.37%.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of research analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday, November 11th. TD Cowen cut their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Wells Fargo & Company began coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 price objective for the company. Stifel Nicolaus upped their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, Needham & Company LLC reduced their price target on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $840.36.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.