Assetmark Inc. Has $26.90 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Assetmark Inc. decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,462 shares of the semiconductor company's stock after selling 859 shares during the period. Assetmark Inc.’s holdings in Monolithic Power Systems were worth $26,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MPWR. Corient Private Wealth LLC raised its stake in Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock worth $1,855,476,000 after buying an additional 1,993,576 shares during the period. Norges Bank purchased a new position in Monolithic Power Systems in the fourth quarter worth $658,656,000. Royal Bank of Canada increased its holdings in Monolithic Power Systems by 168.1% during the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company's stock worth $517,557,000 after buying an additional 296,788 shares during the last quarter. Invesco Ltd. grew its position in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company's stock valued at $1,300,345,000 after acquiring an additional 295,556 shares during the period. Finally, First Trust Advisors LP increased its position in Monolithic Power Systems by 56.6% in the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company's stock worth $635,770,000 after buying an additional 253,653 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance NASDAQ:MPWR opened at $1,402.01 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09. The stock has a fifty day moving average of $1,394.48 and a 200 day moving average of $1,338.74. The firm has a market capitalization of $68.90 billion, a price-to-earnings ratio of 85.96 and a beta of 1.69.

Monolithic Power Systems last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.21 EPS. Equities analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 49.05%.

Several research firms have recently weighed in on MPWR. KeyCorp increased their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Fr...