Creative Planning, a financial planning firm, has revealed in its recent disclosure with the Securities and Exchange Commission (SEC) that it has increased its holdings in Monolithic Power Systems by 25% during the third quarter. The firm now owns 7,273 shares of the semiconductor company’s stock, representing a value of $6,724,000. This increase was achieved through the purchase of an additional 1,455 shares.
Other hedge funds, including Family Firm Inc., RiverPark Advisors LLC, Atwood & Palmer Inc., Crewe Advisors LLC, and GHP Investment Advisors Inc., have also made recent additions to or reductions in their stakes in Monolithic Power Systems.
In terms of insider trading, Monolithic Power Systems’ CEO, Michael Hsing, sold 2,790 shares of the company’s stock on August 8th, at an average price of $778.39 per share. Following this transaction, Hsing now holds 865,332 shares, representing a 0.00% decrease in his position. Additionally, EVP Deming Xiao sold 10,000 shares on August 22nd at an average price of $950.00 per share. Xiao now holds 29,714 shares, also representing a 0.00% decrease in their position. In total, insiders have sold 42,136 shares of Monolithic Power Systems stock over the last 90 days, with a total value of $38,591,228.
Monolithic Power Systems, Inc. is a semiconductor company that specializes in the design, development, marketing, and sale of power electronics solutions for various markets, including storage and computing, automotive, consumer, and industrial sectors. The company’s DC to DC integrated circuits (ICs) are used to convert and control voltages in electronic systems.
Monolithic Power Systems recently reported its quarterly earnings, surpassing analysts’ expectations with earnings per share of $3.17 for the quarter. The company’s revenue for the quarter was $507.40 million, a 15.0% increase compared to the same period last year.
The company also announced a quarterly dividend of $1.25 per share, which was paid on October 15th. Monolithic Power Systems has a market cap of $43.01 billion and a dividend payout ratio of 59.59%.