Guggenheim Capital LLC Cuts Position in Monolithic Power Systems, Inc. (MPWR)

Guggenheim Capital LLC reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,829 shares of the semiconductor company’s stock after selling 18,778 shares during the quarter. Guggenheim Capital LLC owned about 0.21% of Monolithic Power Systems worth $9,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MPWR. Macquarie Group Ltd. purchased a new position in shares of Monolithic Power Systems in the 3rd quarter worth $12,546,000. Deutsche Bank AG raised its position in shares of Monolithic Power Systems by 139.6% in the 4th quarter. Deutsche Bank AG now owns 148,806 shares of the semiconductor company’s stock worth $16,717,000 after buying an additional 86,705 shares during the period. Icon Advisers Inc. Co. raised its position in shares of Monolithic Power Systems by 990.5% in the 4th quarter. Icon Advisers Inc. Co. now owns 91,600 shares of the semiconductor company’s stock worth $10,292,000 after buying an additional 83,200 shares during the period. Franklin Resources Inc. raised its position in shares of Monolithic Power Systems by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 1,306,095 shares of the semiconductor company’s stock worth $146,759,000 after buying an additional 74,118 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Monolithic Power Systems by 33.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 231,236 shares of the semiconductor company’s stock worth $24,639,000 after buying an additional 58,362 shares during the period. 91.06% of the stock is currently owned by institutional investors and hedge funds.

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Monolithic Power Systems stock opened at $114.89 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $88.19 and a 52-week high of $127.61. The company has a market capitalization of $5,057.13, a PE ratio of 77.11, a price-to-earnings-growth ratio of 2.52 and a beta of 1.25.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. The company had revenue of $129.43 million for the quarter, compared to analyst estimates of $126.19 million. During the same period last year, the company posted $0.65 earnings per share. The firm’s revenue was up 24.9% compared to the same quarter last year. analysts anticipate that Monolithic Power Systems, Inc. will post 2.64 EPS for the current fiscal 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 given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 1.04%. Monolithic Power Systems’s dividend payout ratio (DPR) is 53.69%.

In other Monolithic Power Systems 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 value of $3,159,472.57. Following the transaction, the insider now directly owns 340,036 shares of the company’s stock, valued at $36,788,494.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Saria Tseng sold 4,057 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $113.85, for a total value of $461,889.45. Following the completion of the transaction, the vice president now directly owns 262,669 shares in the company, valued at $29,904,865.65. The disclosure for this sale can be found here. Insiders sold 334,741 shares of company stock worth $37,759,230 over the last three months. 4.00% of the stock is currently owned by corporate insiders.

MPWR has been the topic of several research reports. BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus 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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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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