Connor Clark & Lunn Investment Management Ltd. Invests $52.21 Million in Monolithic Power Systems, Inc. $MPWR

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 37,766 shares of the semiconductor company’s stock, valued at approximately $52,206,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Monolithic Power Systems at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $3,983,000. Mirabaud Asset Management Ltd purchased a new stake in Monolithic Power Systems during the 4th quarter worth $4,424,000. Baker Avenue Asset Management LP increased its position in shares of Monolithic Power Systems by 436.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock worth $2,884,000 after acquiring an additional 2,589 shares during the last quarter. Norges Bank purchased a new stake in Monolithic Power Systems during the 4th quarter worth approximately $658,656,000. Finally, Vest Financial LLC raised its holdings in Monolithic Power Systems by 35.2% in the fourth quarter. Vest Financial LLC now owns 66,613 shares of the semiconductor company’s stock valued at $60,375,000 after acquiring an additional 17,336 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 2.4%

Shares of NASDAQ MPWR opened at $1,285.03 on Tuesday. The company has a market cap of $63.15 billion, a price-to-earnings ratio of 78.79 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The stock’s 50 day simple moving average is $1,366.04 and its 200 day simple moving average is $1,348.10.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.21 EPS. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is 49.05%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Truist Financial boosted their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a report on Friday, July 31st. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,731.42.

Insider Activity

In related news, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director directly owned 565 shares in the company, valued at $802,300. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 7,705 shares of company stock valued at $13,058,385. 3.60% of the stock is currently owned by company insiders.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.