American Capital Management Inc. Buys New Stake in Monolithic Power Systems, Inc. $MPWR

Key Points

• American Capital Management acquired 5,897 shares of Monolithic Power Systems worth approximately $8.15 million, while institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems reported a strong quarter, with EPS of $6.50 beating estimates by $0.63 and revenue rising 47.6% year over year to $980.64 million.
• Analysts maintain a bullish outlook, with the stock rated “Moderate Buy” and an average price target of $1,731.42; however, company insiders have sold 190 shares worth nearly $262,000 over the past 90 days.

American Capital Management Inc. purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,897 shares of the semiconductor company's stock, valued at approximately $8,152,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. IFP Advisors Inc boosted its position in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd increased its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after buying an additional 9 shares in the last quarter. Danske Bank A S acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $36,000. Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $38,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock worth $44,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the company's stock in a transaction dated 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 completion of the sale, the director owned 515 shares of the company's stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares of the company's stock, valued at $1,503,868.86. This represents 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. Over the last 90 days, insiders sold 190 shares of company stock valued at $261,964. 3.60% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,303.88 on Thursday. The business has a fifty day moving average price of $1,359.26 and a 200 day moving average price of $1,350.32. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The company has a market cap of $64.08 billion, a P/E ratio of 79.94 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. The company 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 firm's quarterly revenue was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.21 EPS. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Raymond James Financial restated an "outperform" rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Truist Financial lifted their target price on shares of 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. KeyCorp lifted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Finally, Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 18th. One research 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,731.42.

About Monolithic Power Systems

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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