1,421 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC initiated a position in Monolithic Power Systems, purchasing 1,421 shares valued at approximately $1.96 million. Institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 beating estimates by $0.63 and revenue rising 47.6% year over year to $980.64 million. The company also pays an annualized dividend of $8.00 per share, yielding 0.6%.
• Analysts maintain a generally positive outlook, giving the stock a “Moderate Buy” consensus rating and an average price target of $1,731.42 versus its opening price of $1,267.77. Recent insider activity was net selling, totaling 160 shares worth about $215,945.

Quantitative Investment Management LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,421 shares of the semiconductor company's stock, valued at approximately $1,964,000.

Other hedge funds have also bought and sold shares of the company. Royal Fund Management LLC grew its stake in shares of Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock worth $289,000 after acquiring an additional 7 shares during the period. Covestor Ltd raised its holdings in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 9 shares during the last quarter. Bell Investment Advisors Inc lifted its position in Monolithic Power Systems by 23.7% during the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 9 shares during the period. CENTRAL TRUST Co lifted its position in Monolithic Power Systems by 1.4% during the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company's stock valued at $766,000 after purchasing an additional 10 shares during the period. Finally, KCM Investment Advisors LLC lifted its position in Monolithic Power Systems by 2.2% during the first quarter. KCM Investment Advisors LLC now owns 467 shares of the semiconductor company's stock valued at $511,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 0.9%

Shares of NASDAQ MPWR opened at $1,267.77 on Tuesday. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The firm has a market capitalization of $62.30 billion, a price-to-earnings ratio of 77.73 and a beta of 1.69. The firm has a 50 day moving average of $1,342.66 and a 200 day moving average of $1,352.13.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company's revenue was up 47.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.21 EPS. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems's dividend payout ratio (DPR) is 49.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MPWR shares. Weiss Ratings upgraded shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Wall Street Zen upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the stock a "buy" rating in a report on Thursday, August 20th. Raymond James Financial reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Finally, Truist Financial upped their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,731.42.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 160 shares of company stock worth $215,945 in the last ninety days. Insiders own 3.60% of the company's stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems NASDAQ: MPWR is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

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