Clough Capital Partners L P Buys Shares of 1,457 Monolithic Power Systems, Inc. $MPWR

Key Points

• Clough Capital Partners initiated a position in Monolithic Power Systems, buying 1,457 shares valued at approximately $1.59 million. Institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems reported quarterly EPS of $5.10, exceeding estimates of $4.90, while revenue rose 26.1% year over year to $804.19 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $1,657.27, although insiders sold 69,370 shares worth $112.7 million over the past three months.

Clough Capital Partners L P purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,457 shares of the semiconductor company's stock, valued at approximately $1,593,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after purchasing an additional 200 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company's stock valued at $3,088,000 after buying an additional 161 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company's stock worth $6,863,000 after buying an additional 314 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company's stock worth $26,175,000 after buying an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $347,000. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the sale, the executive vice president owned 166,644 shares of the company's stock, valued at approximately $260,197,941.60. The trade was a 6.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,370 shares of company stock worth $112,702,503 over the last three months. Corporate insiders own 3.60% of the company's stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,333.81 on Monday. The company has a 50 day moving average price of $1,461.46 and a 200 day moving average price of $1,304.29. The firm has a market capitalization of $65.53 billion, a P/E ratio of 96.17 and a beta of 1.71. Monolithic Power Systems, Inc. has a 52 week low of $704.02 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. During the same quarter in the previous year, the firm earned $4.04 EPS. Monolithic Power Systems's revenue was up 26.1% compared to the same quarter last year. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 20.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio is presently 57.68%.

Analyst Ratings Changes

MPWR has been the subject of a number of analyst reports. Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Weiss Ratings raised shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, June 12th. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. KeyCorp increased their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,657.27.

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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