Clearbridge Investments LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 590,170 shares of the semiconductor company’s stock after buying an additional 516 shares during the quarter. Clearbridge Investments LLC’s holdings in Monolithic Power Systems were worth $66,312,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MPWR. Simplex Trading LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at $102,000. State of Alaska Department of Revenue purchased a new stake in Monolithic Power Systems in the 4th quarter valued at $120,000. Cerebellum GP LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $127,000. Suntrust Banks Inc. purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $204,000. Finally, Alps Advisors Inc. purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $206,000. Institutional investors own 91.12% of the company’s stock.
In related news, insider Deming Xiao sold 29,203 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $108.19, for a total transaction of $3,159,472.57. Following the completion of the transaction, the insider now directly owns 340,036 shares in the company, valued at approximately $36,788,494.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $122.36, for a total value of $1,835,400.00. Following the transaction, the director now owns 705,225 shares of the company’s stock, valued at $86,291,331. The disclosure for this sale can be found here. Insiders have sold a total of 332,015 shares of company stock valued at $37,414,054 over the last 90 days. 4.00% of the stock is currently owned by company insiders.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at $125.51 on Tuesday. The firm has a market capitalization of $5,220.00, a price-to-earnings ratio of 47.01, a PEG ratio of 2.62 and a beta of 1.25. Monolithic Power Systems, Inc. has a twelve month low of $88.19 and a twelve month high of $126.80.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $129.43 million during the quarter, compared to analysts’ expectations of $126.19 million. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. analysts expect that Monolithic Power Systems, Inc. will post 2.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 28th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.96%. Monolithic Power Systems’s dividend payout ratio is currently 29.96%.
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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. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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