Icon Advisers Inc. Co. Raises Holdings in Monolithic Power Systems, Inc. (MPWR)
Icon Advisers Inc. Co. raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 990.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 91,600 shares of the semiconductor company’s stock after buying an additional 83,200 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Monolithic Power Systems were worth $10,292,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of MPWR. Emerald Advisers Inc. PA acquired a new position in Monolithic Power Systems in the third quarter valued at approximately $12,559,000. Macquarie Group Ltd. bought a new stake in shares of Monolithic Power Systems during the third quarter valued at approximately $12,546,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Monolithic Power Systems during the third quarter valued at approximately $10,546,000. Janus Henderson Group PLC raised its holdings in shares of Monolithic Power Systems by 85.5% during the second quarter. Janus Henderson Group PLC now owns 147,743 shares of the semiconductor company’s stock valued at $14,243,000 after buying an additional 68,089 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Monolithic Power Systems by 33.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 231,236 shares of the semiconductor company’s stock valued at $24,639,000 after buying an additional 58,362 shares during the last quarter. Institutional investors own 93.28% of the company’s stock.
MPWR has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Deutsche Bank lifted their price target on Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, BidaskClub raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $129.25.
Shares of Monolithic Power Systems, Inc. (MPWR) opened at $103.82 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $84.45 and a twelve month high of $126.80. The company has a market capitalization of $4,566.86, a P/E ratio of 64.48, a P/E/G ratio of 2.38 and a beta of 1.27.
Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The firm had revenue of $129.43 million for the quarter, compared to analysts’ expectations of $126.19 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.80 annualized dividend and a yield of 0.77%. Monolithic Power Systems’s payout ratio is 49.69%.
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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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