FNY Investment Advisers LLC Invests $9.52 Million in Monolithic Power Systems, Inc. $MPWR

Key Points

• FNY Investment Advisers LLC opened a new stake in Monolithic Power Systems, buying 10,500 shares worth about $9.52 million, making MPWR its 6th-largest position (2.7% of the firm's holdings) amid overall institutional ownership of ~93.5%.
• Monolithic Power beat Q4 expectations with $4.79 EPS and revenue up 20.8%**, trades at a high valuation (market cap ~$54.9B, P/E ~87.8) and has (annualized $8.00, ~0.7% yield).
• Analysts have lifted targets (KeyCorp to $1,500; consensus ~$1,218), but insiders have been sellers recently — 119,654 shares worth about $135.9M were sold by insiders in the last three months, including a $25.94M sale by EVP Saria Tseng.

FNY Investment Advisers LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,500 shares of the semiconductor company's stock, valued at approximately $9,516,000. Monolithic Power Systems makes up 2.7% of FNY Investment Advisers LLC's holdings, making the stock its 6th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC lifted its stake in Monolithic Power Systems by 0.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 4,233 shares of the semiconductor company's stock valued at $3,837,000 after acquiring an additional 29 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Monolithic Power Systems by 12.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,699 shares of the semiconductor company's stock worth $4,259,000 after purchasing an additional 522 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $311,000. Nisa Investment Advisors LLC raised its holdings in shares of Monolithic Power Systems by 12.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,850 shares of the semiconductor company's stock valued at $16,206,000 after purchasing an additional 2,044 shares during the period. Finally, Royal Fund Management LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $233,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,118.49 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,256.22. The company has a market capitalization of $54.94 billion, a price-to-earnings ratio of 87.79, a PEG ratio of 2.83 and a beta of 1.48. The company has a 50-day simple moving average of $1,122.31 and a 200 day simple moving average of $1,015.33.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. During the same period last year, the business posted $4.09 earnings per share. The business's revenue for the quarter was up 20.8% compared to the same quarter last year. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $2.00 dividend. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems's dividend payout ratio is presently 62.79%.

Analysts Set New Price Targets

A number of equities analysts recently commented on MPWR shares. KeyCorp lifted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Oppenheimer reaffirmed an "outperform" rating and issued a $1,300.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Truist Financial lifted their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Finally, Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus price target of $1,218.42.

Insiders Place Their Bets

In other news, EVP Saria Tseng sold 25,674 shares of the business's stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the sale, the executive vice president owned 174,982 shares of the company's stock, valued at approximately $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Victor K. Lee sold 400 shares of the company's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the completion of the transaction, the director owned 27,756 shares in the company, valued at $33,644,712.96. This trade represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,654 shares of company stock worth $135,900,873 over the last three months. 3.40% of the stock is currently owned by corporate insiders.

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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