Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 37.7% during the 3rd quarter, Holdings Channel reports. The firm owned 2,768 shares of the semiconductor company’s stock after buying an additional 758 shares during the period. Mackenzie Financial Corp’s holdings in Monolithic Power Systems were worth $1,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MPWR. Macquarie Group Ltd. lifted its position in shares of Monolithic Power Systems by 358.5% during the second quarter. Macquarie Group Ltd. now owns 1,151,707 shares of the semiconductor company’s stock worth $430,105,000 after purchasing an additional 900,527 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Monolithic Power Systems by 1,604.8% during the second quarter. Toronto Dominion Bank now owns 435,076 shares of the semiconductor company’s stock worth $11,337,000 after purchasing an additional 409,555 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Monolithic Power Systems by 63.0% during the second quarter. Neuberger Berman Group LLC now owns 1,059,418 shares of the semiconductor company’s stock worth $395,564,000 after purchasing an additional 409,414 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Monolithic Power Systems in the third quarter valued at approximately $164,038,000. Finally, BlackRock Inc. raised its holdings in Monolithic Power Systems by 5.8% in the second quarter. BlackRock Inc. now owns 5,875,154 shares of the semiconductor company’s stock valued at $2,194,077,000 after acquiring an additional 319,483 shares in the last quarter. 94.07% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Theodore Blegen sold 1,897 shares of the firm’s stock in a transaction that occurred on Monday, December 20th. The shares were sold at an average price of $474.35, for a total transaction of $899,841.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Saria Tseng sold 1,625 shares of the firm’s stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $553.42, for a total transaction of $899,307.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,041 shares of company stock worth $18,040,222. Insiders own 2.00% of the company’s stock.

MPWR stock opened at $438.18 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $301.51 and a twelve month high of $580.00. The company’s 50 day moving average is $512.77 and its two-hundred day moving average is $481.93. The stock has a market cap of $20.20 billion, a P/E ratio of 98.47, a PEG ratio of 2.77 and a beta of 0.86.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 28th. The semiconductor company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.06. The business had revenue of $323.50 million for the quarter, compared to analyst estimates of $316.05 million. Monolithic Power Systems had a net margin of 19.22% and a return on equity of 19.66%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 4.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were given a dividend of $0.60 per share. The ex-dividend date was Thursday, December 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.55%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 53.93%.

Several brokerages recently weighed in on MPWR. Oppenheimer raised their target price on shares of Monolithic Power Systems from $550.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, October 29th. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $470.00 to $620.00 and gave the company a “buy” rating in a report on Friday, September 24th. Needham & Company LLC cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, October 29th. Truist raised their target price on shares of Monolithic Power Systems from $556.00 to $613.00 and gave the company a “buy” rating in a report on Friday, October 29th. Finally, Truist Securities raised their target price on shares of Monolithic Power Systems from $556.00 to $613.00 and gave the company a “buy” rating in a report on Friday, October 29th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of “Buy” and a consensus target price of $548.64.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc is a semiconductor company, which engages in designing, developing, and marketing analog solutions for computing and storage, automotive, industrial, communications, and consumer markets. Its products include power modules, class-d audio, ultrasound mux, automotive, LED lighting and illumination, precision analog, and motor drivers.

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

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