Loomis Sayles & Co. L P Raises Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Loomis Sayles & Co. L P grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,925 shares of the semiconductor company’s stock after buying an additional 159 shares during the period. Loomis Sayles & Co. L P’s holdings in Monolithic Power Systems were worth $40,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Monolithic Power Systems by 97.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,837,795 shares of the semiconductor company’s stock worth $673,056,000 after buying an additional 905,612 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Monolithic Power Systems by 3.7% during the 1st quarter. Franklin Resources Inc. now owns 1,566,671 shares of the semiconductor company’s stock worth $553,365,000 after purchasing an additional 56,020 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Monolithic Power Systems by 1.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,248,472 shares of the semiconductor company’s stock worth $440,974,000 after purchasing an additional 23,095 shares during the period. Wasatch Advisors Inc. lifted its holdings in Monolithic Power Systems by 3.1% during the 1st quarter. Wasatch Advisors Inc. now owns 1,054,209 shares of the semiconductor company’s stock valued at $372,357,000 after buying an additional 31,930 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Monolithic Power Systems by 6.7% during the 1st quarter. Brown Advisory Inc. now owns 893,036 shares of the semiconductor company’s stock valued at $315,430,000 after buying an additional 56,037 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

NASDAQ:MPWR opened at $405.30 on Thursday. Monolithic Power Systems, Inc. has a one year low of $235.62 and a one year high of $406.75. The company has a market cap of $18.54 billion, a price-to-earnings ratio of 110.44, a P/E/G ratio of 3.52 and a beta of 0.89. The firm has a 50-day simple moving average of $354.48.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, May 4th. The semiconductor company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.34 by $0.12. Monolithic Power Systems had a net margin of 18.65% and a return on equity of 18.23%. The business had revenue of $254.50 million during the quarter, compared to analyst estimates of $242.43 million. During the same quarter in the previous year, the business posted $0.95 EPS. The company’s quarterly revenue was up 53.5% compared to the same quarter last year. As a group, analysts expect that Monolithic Power Systems, Inc. will post 4.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 15th. Investors of record on Wednesday, June 30th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, June 29th. This represents a $2.40 annualized dividend and a dividend yield of 0.59%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 68.18%.

A number of equities research analysts recently weighed in on MPWR shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Monolithic Power Systems from $400.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, May 5th. Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $420.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $406.00.

In related news, VP Saria Tseng sold 2,196 shares of the business’s stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $326.41, for a total transaction of $716,796.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 8,479 shares of the business’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $326.40, for a total transaction of $2,767,545.60. Following the transaction, the chief executive officer now owns 1,018,373 shares of the company’s stock, valued at approximately $332,396,947.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,754 shares of company stock valued at $22,714,742. 2.00% of the stock is currently owned by company insiders.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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