Canada Pension Plan Investment Board Sells 62,557 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Canada Pension Plan Investment Board lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 28.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,173 shares of the semiconductor company's stock after selling 62,557 shares during the quarter. Canada Pension Plan Investment Board owned 0.32% of Monolithic Power Systems worth $91,816,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MPWR. Tradewinds Capital Management LLC boosted its position in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management bought a new position in Monolithic Power Systems in the 4th quarter valued at $27,000. West Oak Capital LLC boosted its stake in Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 545 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth $39,000. Finally, AlphaQuest LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Rosenblatt Securities reduced their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Citigroup decreased their price target on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a report on Friday, April 11th. KeyCorp boosted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company dropped their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average price target of $826.17.

Insider Activity

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the sale, the executive vice president now directly owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company's stock.

Monolithic Power Systems Stock Up 5.5 %

Shares of MPWR stock traded up $28.34 during trading on Wednesday, reaching $540.16. 363,814 shares of the company's stock were exchanged, compared to its average volume of 991,204. The firm's fifty day moving average price is $584.67 and its 200-day moving average price is $649.63. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The stock has a market capitalization of $25.86 billion, a PE ratio of 14.69, a PEG ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $1.56 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.97%.

About Monolithic Power Systems

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.