Franklin Resources Inc. boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,306,095 shares of the semiconductor company’s stock after purchasing an additional 74,118 shares during the quarter. Franklin Resources Inc. owned about 3.14% of Monolithic Power Systems worth $146,759,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Monolithic Power Systems by 9.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,139 shares of the semiconductor company’s stock valued at $37,159,000 after purchasing an additional 28,997 shares during the period. KAMES CAPITAL plc boosted its stake in Monolithic Power Systems by 8.4% during the 4th quarter. KAMES CAPITAL plc now owns 60,675 shares of the semiconductor company’s stock valued at $6,819,000 after purchasing an additional 4,709 shares during the period. American Century Companies Inc. boosted its stake in Monolithic Power Systems by 13.1% during the 4th quarter. American Century Companies Inc. now owns 98,613 shares of the semiconductor company’s stock valued at $11,080,000 after purchasing an additional 11,456 shares during the period. Neuberger Berman Group LLC boosted its stake in Monolithic Power Systems by 0.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 318,008 shares of the semiconductor company’s stock valued at $33,884,000 after purchasing an additional 2,373 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in Monolithic Power Systems during the 3rd quarter valued at approximately $12,546,000. Hedge funds and other institutional investors own 91.12% of the company’s stock.
Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $123.70 on Wednesday. The company has a market capitalization of $5,288.02, a P/E ratio of 68.58, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. Monolithic Power Systems, Inc. has a twelve month low of $88.19 and a twelve month high of $127.61.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be issued a $0.30 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 annualized dividend and a yield of 0.97%. Monolithic Power Systems’s dividend payout ratio is 53.69%.
Several brokerages recently weighed in on MPWR. BidaskClub upgraded 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 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 currently has a consensus rating of “Buy” and a consensus target price of $129.25.
In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $118.10, for a total value of $1,771,500.00. Following the completion of the transaction, the director now owns 681,815 shares of the company’s stock, valued at approximately $80,522,351.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Deming Xiao sold 29,203 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 340,036 shares of the company’s stock, valued at approximately $36,788,494.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,015 shares of company stock valued at $37,414,054. Insiders own 4.00% of the company’s stock.
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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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