Banque Cantonale Vaudoise Buys Shares of 1,340 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in Monolithic Power Systems, Inc., purchasing 1,340 shares valued at approximately $776,000 during the first quarter.
• Several hedge funds have increased their stakes in Monolithic Power Systems, with Price T Rowe Associates boosting its position by 16.3% and now owning 1,528,301 shares worth $904 million.
• The company recently reported earnings exceeding analysts' expectations, with a net margin of 76.59% and revenue growth of 31% compared to the same quarter last year.

Banque Cantonale Vaudoise bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,340 shares of the semiconductor company's stock, valued at approximately $776,000.

A number of other large investors have also modified their holdings of MPWR. GAMMA Investing LLC increased its stake in Monolithic Power Systems by 76,432.3% in the 1st quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after purchasing an additional 777,316 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Monolithic Power Systems by 16.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after buying an additional 214,395 shares during the last quarter. Siemens Fonds Invest GmbH grew its holdings in Monolithic Power Systems by 18,567.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock valued at $118,628,000 after buying an additional 199,413 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $113,547,000. Finally, Ensign Peak Advisors Inc boosted its holdings in shares of Monolithic Power Systems by 121.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock worth $199,449,000 after purchasing an additional 185,002 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Up 10.5%

MPWR traded up $74.38 during trading on Friday, reaching $785.62. The stock had a trading volume of 1,524,050 shares, compared to its average volume of 504,773. The firm has a market capitalization of $37.62 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 3.12 and a beta of 1.18. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The stock has a 50 day moving average of $715.35 and a two-hundred day moving average of $650.58.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.09. The firm had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a return on equity of 19.93% and a net margin of 73.17%. The firm's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.17 earnings per share. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.8%. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president owned 4,015 shares of the company's stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director directly owned 676 shares in the company, valued at $471,848. This represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,200 shares of company stock valued at $13,046,800. Corporate insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MPWR. Wells Fargo & Company raised their price objective on Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a report on Friday. Raymond James Financial restated an "outperform" rating and set a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a research note on Friday. Rosenblatt Securities reaffirmed a "neutral" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday. Loop Capital boosted their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Needham & Company LLC lifted their target price on Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a research note on Friday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $834.45.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.