Earnest Partners LLC cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 805,614 shares of the semiconductor company’s stock after selling 182,765 shares during the quarter. Earnest Partners LLC owned 1.94% of Monolithic Power Systems worth $90,519,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Simplex Trading LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $102,000. State of Alaska Department of Revenue acquired a new position in Monolithic Power Systems during the fourth quarter worth $120,000. Cerebellum GP LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $127,000. Suntrust Banks Inc. acquired a new position in Monolithic Power Systems during the fourth quarter worth $204,000. Finally, Alps Advisors Inc. acquired a new position in Monolithic Power Systems during the fourth quarter worth $206,000. 91.12% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Monolithic Power Systems has an average rating of “Buy” and an average target price of $129.25.
Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $124.87 on Monday. Monolithic Power Systems, Inc. has a 1-year low of $88.19 and a 1-year high of $126.80. The firm has a market capitalization of $5,261.05, a price-to-earnings ratio of 83.81, a PEG ratio of 2.62 and a beta of 1.25.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $126.19 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. research analysts anticipate that Monolithic Power Systems, Inc. will post 2.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 28th. Monolithic Power Systems’s payout ratio is 53.69%.
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Monolithic Power Systems Company 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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