Driehaus Capital Management LLC cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 60.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,764 shares of the semiconductor company’s stock after selling 22,520 shares during the quarter. Driehaus Capital Management LLC’s holdings in Monolithic Power Systems were worth $1,659,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in MPWR. Simplex Trading LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at $102,000. State of Alaska Department of Revenue purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at $120,000. Cerebellum GP LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at $127,000. Suntrust Banks Inc. purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at $204,000. Finally, Alps Advisors Inc. purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at $206,000. Institutional investors and hedge funds own 91.12% of the company’s stock.
In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $122.36, for a total transaction of $1,835,400.00. Following the transaction, the director now directly owns 705,225 shares in the company, valued at approximately $86,291,331. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Maurice Sciammas sold 1,693 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $114.66, for a total transaction of $194,119.38. Following the transaction, the vice president now owns 360,395 shares in the company, valued at $41,322,890.70. The disclosure for this sale can be found here. Insiders have sold a total of 332,015 shares of company stock worth $37,414,054 over the last quarter. 4.00% of the stock is currently owned by insiders.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The firm had revenue of $129.43 million for the quarter, compared to the consensus estimate of $126.19 million. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. sell-side analysts expect that Monolithic Power Systems, Inc. will post 2.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.96%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, March 28th. Monolithic Power Systems’s dividend payout ratio is 53.69%.
Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $129.25.
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Monolithic Power Systems 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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