Connor Clark & Lunn Investment Management Ltd. Buys Shares of 37,766 Monolithic Power Systems, Inc. $MPWR

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,766 shares of the semiconductor company’s stock, valued at approximately $52,206,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MPWR. BlackRock Inc. acquired a new stake in Monolithic Power Systems in the second quarter worth about $7,727,289,000. Corient Private Wealth LLC increased its stake in Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after buying an additional 1,993,576 shares during the period. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $658,656,000. Royal Bank of Canada raised its position in shares of Monolithic Power Systems by 168.1% during the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after buying an additional 296,788 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after acquiring an additional 295,556 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other news, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,705 shares of company stock valued at $13,058,385. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,285.03 on Tuesday. The firm’s 50 day moving average is $1,366.04 and its 200-day moving average is $1,348.10. The stock has a market capitalization of $63.15 billion, a P/E 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.

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

Monolithic Power Systems Announces Dividend

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

Analyst Ratings Changes

MPWR has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the stock a “buy” rating in a report on Thursday. Truist Financial upped their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. Finally, Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Monolithic Power Systems Company 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.