Creative Planning, a financial planning and investment management firm, has reported a 25.0% increase in its holdings in Monolithic Power Systems during the third quarter, according to the company’s recent disclosure with the Securities & Exchange Commission. The firm now owns 7,273 shares of the semiconductor company’s stock, representing an additional 1,455 shares purchased during the period. The value of Creative Planning’s holdings in Monolithic Power Systems is estimated to be $6,724,000 as of the most recent filing.
Other institutional investors and hedge funds have also made changes to their positions in Monolithic Power Systems. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in the company by 19.7% during the first quarter, now owning 55,480 shares worth $37,583,000. Cetera Investment Advisers raised its stake by 237.3% in the first quarter, now owning 6,766 shares valued at $4,583,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings by 4.9% in the first quarter, now owning 115,098 shares valued at $77,970,000. Czech National Bank grew its stake by 9.8% in the second quarter, now owning 9,274 shares worth $7,620,000. Acadian Asset Management LLC also grew its stake by 224.4% in the first quarter, now owning 1,528 shares valued at $1,034,000. In total, institutional investors own 93.46% of Monolithic Power Systems’ stock.
In insider trading news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems’ stock on October 7th, with an average price of $929.59, resulting in a total value of $10,225,490.00. Following the transaction, Sciammas now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. Additionally, CEO Michael Hsing sold 2,790 shares on August 8th at an average price of $778.39, totaling $2,171,708.10. Hsing now owns 865,332 shares valued at approximately $673,565,775.48. Insiders have sold a total of 42,136 shares in the last quarter, with a value of $38,591,228. Insiders currently own 3.20% of the company’s stock.
Monolithic Power Systems recently announced its earnings results for the quarter ended August 1st. The semiconductor company reported earnings per share of $3.17, surpassing the consensus estimate of $3.07 by $0.10. The company had a return on equity of 20.24% and a net margin of 21.70%. Its revenue for the quarter was $507.40 million, exceeding the consensus estimate of $490.66 million. Analysts predict that Monolithic Power Systems will post earnings per share of 10.41 for the current fiscal year.
The company also declared a quarterly dividend, with investors of record on September 30th receiving a $1.25 dividend. This represents an annualized dividend of $5.00 and a yield of 0.57%. Monolithic Power Systems’ dividend payout ratio is currently 59.59%.
Several research reports have been published on Monolithic Power Systems. Needham & Company LLC raised the stock’s target price from $800.00 to $1,000.00 and gave it a “buy” rating. Raymond James increased their price objective from $770.00 to $925.00 and rated the stock as “outperform.” Deutsche Bank Aktiengesellschaft raised their target price from $750.00 to $900.00 and also gave the company a “buy” rating. Truist Financial reaffirmed a “buy” rating and set a target price of $994.00. Stifel Nicolaus lifted their price objective to $1,100.00 and rated the stock as “buy.” In total, nine research analysts have given the stock a buy rating, with one analyst rating it as a strong buy. The consensus price target for Monolithic Power Systems is $959.90.
Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for various markets. The company provides integrated circuits used to convert and control voltages in electronic systems, including cloud-based CPU servers, storage applications, power sources, home appliances, and satellite communications applications.