Clearbridge Investments LLC lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590,170 shares of the semiconductor company’s stock after buying an additional 516 shares during the quarter. Clearbridge Investments LLC owned approximately 1.42% of Monolithic Power Systems worth $66,312,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in MPWR. Macquarie Group Ltd. acquired a new position in shares of Monolithic Power Systems during the 3rd quarter worth approximately $12,546,000. Icon Advisers Inc. Co. raised its stake in shares of Monolithic Power Systems by 990.5% during the 4th quarter. Icon Advisers Inc. Co. now owns 91,600 shares of the semiconductor company’s stock worth $10,292,000 after buying an additional 83,200 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Monolithic Power Systems by 33.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 231,236 shares of the semiconductor company’s stock worth $24,639,000 after buying an additional 58,362 shares during the period. Quantitative Investment Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $4,483,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Monolithic Power Systems by 9.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,139 shares of the semiconductor company’s stock worth $37,159,000 after buying an additional 28,997 shares during the period. 91.12% of the stock is owned by institutional investors and hedge funds.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at $125.51 on Tuesday. Monolithic Power Systems, Inc. has a 52 week low of $88.19 and a 52 week high of $126.80. The company has a market capitalization of $5,220.00, a price-to-earnings ratio of 47.01, a P/E/G ratio of 2.62 and a beta of 1.25.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a $0.30 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, March 28th. Monolithic Power Systems’s dividend payout ratio is currently 29.96%.
Several brokerages have recently weighed in on MPWR. BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Zacks Investment Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus price target of $129.25.
In other Monolithic Power Systems news, VP Maurice Sciammas sold 1,693 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $114.66, for a total value of $194,119.38. Following the completion of the sale, the vice president now directly owns 360,395 shares in the company, valued at approximately $41,322,890.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Deming Xiao sold 29,203 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $108.19, for a total value of $3,159,472.57. Following the completion of the sale, the insider now owns 340,036 shares of the company’s stock, valued at $36,788,494.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 332,015 shares of company stock valued at $37,414,054. 4.00% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/03/13/monolithic-power-systems-inc-mpwr-shares-bought-by-clearbridge-investments-llc.html.
About Monolithic Power Systems
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.
Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).
Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.