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CI Investments Inc. Decreases Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

CI Investments Inc. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) by 77.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 234 shares of the semiconductor company’s stock after selling 820 shares during the period. CI Investments Inc.’s holdings in Monolithic Power Systems were worth $114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPWR. Norges Bank bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $192,869,000. Van ECK Associates Corp grew its position in shares of Monolithic Power Systems by 1,295.2% during the 1st quarter. Van ECK Associates Corp now owns 334,041 shares of the semiconductor company’s stock valued at $162,237,000 after acquiring an additional 310,099 shares during the period. Eagle Asset Management Inc. grew its position in shares of Monolithic Power Systems by 80.9% during the 1st quarter. Eagle Asset Management Inc. now owns 268,163 shares of the semiconductor company’s stock valued at $130,241,000 after acquiring an additional 119,918 shares during the period. Marshall Wace LLP grew its position in shares of Monolithic Power Systems by 5,447.8% during the 4th quarter. Marshall Wace LLP now owns 115,283 shares of the semiconductor company’s stock valued at $56,871,000 after acquiring an additional 113,205 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Monolithic Power Systems by 12.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,003,456 shares of the semiconductor company’s stock valued at $495,035,000 after acquiring an additional 111,048 shares during the period. 93.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on MPWR. Oppenheimer increased their target price on shares of Monolithic Power Systems from $500.00 to $550.00 in a research report on Tuesday, August 2nd. Cowen raised their price objective on shares of Monolithic Power Systems from $550.00 to $600.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Raymond James cut their price objective on shares of Monolithic Power Systems from $600.00 to $570.00 and set an “outperform” rating for the company in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Monolithic Power Systems from $457.00 to $530.00 in a report on Tuesday, August 2nd. Finally, Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $571.67.

Insider Activity

In other news, CEO Michael Hsing sold 11,495 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $361.57, for a total transaction of $4,156,247.15. Following the sale, the chief executive officer now owns 1,026,928 shares in the company, valued at approximately $371,306,356.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Michael Hsing sold 11,495 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $361.57, for a total transaction of $4,156,247.15. Following the sale, the chief executive officer now owns 1,026,928 shares in the company, valued at approximately $371,306,356.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $520.00, for a total transaction of $104,000.00. Following the completion of the transaction, the director now owns 5,851 shares in the company, valued at approximately $3,042,520. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,482 shares of company stock worth $16,926,370. 2.00% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $418.89 on Wednesday. The firm has a fifty day moving average price of $453.82 and a two-hundred day moving average price of $441.04. Monolithic Power Systems, Inc. has a one year low of $348.02 and a one year high of $580.00. The company has a market cap of $19.60 billion, a price-to-earnings ratio of 60.10, a PEG ratio of 1.77 and a beta of 1.10.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last announced its quarterly earnings results on Monday, August 1st. The semiconductor company reported $3.25 EPS for the quarter, beating the consensus estimate of $2.94 by $0.31. The firm had revenue of $461.00 million during the quarter, compared to the consensus estimate of $430.59 million. Monolithic Power Systems had a net margin of 22.40% and a return on equity of 26.57%. The business’s quarterly revenue was up 57.2% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. Equities research analysts expect that Monolithic Power Systems, Inc. will post 9.59 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Wednesday, June 29th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 43.04%.

Monolithic Power Systems Company Profile

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Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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