CIBC Asset Management Inc Purchases 315 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

CIBC Asset Management Inc lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,390 shares of the semiconductor company’s stock after acquiring an additional 315 shares during the quarter. CIBC Asset Management Inc’s holdings in Monolithic Power Systems were worth $4,373,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its holdings in Monolithic Power Systems by 18.5% during the 4th quarter. Sanctuary Advisors LLC now owns 23,116 shares of the semiconductor company’s stock valued at $14,720,000 after buying an additional 3,616 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Monolithic Power Systems by 115.2% during the 4th quarter. Principal Financial Group Inc. now owns 174,411 shares of the semiconductor company’s stock valued at $103,200,000 after buying an additional 93,347 shares in the last quarter. Allworth Financial LP lifted its holdings in Monolithic Power Systems by 11.5% during the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock valued at $92,000 after buying an additional 16 shares in the last quarter. Principal Securities Inc. lifted its holdings in Monolithic Power Systems by 45.4% during the 4th quarter. Principal Securities Inc. now owns 782 shares of the semiconductor company’s stock valued at $463,000 after buying an additional 244 shares in the last quarter. Finally, TigerOak Management L.L.C. bought a new stake in Monolithic Power Systems during the 4th quarter valued at about $204,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 0.3 %

Shares of Monolithic Power Systems stock opened at $692.51 on Thursday. The firm’s 50 day moving average price is $635.04 and its 200-day moving average price is $748.00. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a market cap of $33.78 billion, a P/E ratio of 18.83, a PEG ratio of 2.58 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 13.60%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the sale, the chief financial officer now directly owns 53,444 shares in the company, valued at approximately $32,066,400. This represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MPWR. TD Cowen decreased their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Oppenheimer reduced their price target on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Citigroup assumed coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.