Fred Alger Management LLC Acquires 1,415 Shares of Monolithic Power Systems, Inc. $MPWR

Key Points

• Fred Alger Management LLC increased its stake in Monolithic Power Systems by 8.1%, bringing its total holdings to 18,808 shares valued at approximately $10.94 million.
• Monolithic Power Systems recently reported earnings of $4.21 per share, exceeding estimates and reflecting a 31% year-over-year revenue growth to $664.57 million for the quarter.
• Analyst ratings for Monolithic Power Systems are largely positive, with a consensus rating of "Moderate Buy" and an average target price of $838.09.

Fred Alger Management LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,808 shares of the semiconductor company's stock after acquiring an additional 1,415 shares during the period. Fred Alger Management LLC's holdings in Monolithic Power Systems were worth $10,938,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of Monolithic Power Systems by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 298,514 shares of the semiconductor company's stock valued at $173,133,000 after buying an additional 38,294 shares in the last quarter. Kestra Investment Management LLC bought a new position in Monolithic Power Systems during the 1st quarter worth approximately $103,000. Dynamic Technology Lab Private Ltd boosted its stake in Monolithic Power Systems by 47.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 730 shares of the semiconductor company's stock worth $423,000 after acquiring an additional 234 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in Monolithic Power Systems by 3.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 11,242 shares of the semiconductor company's stock worth $6,520,000 after buying an additional 400 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in Monolithic Power Systems by 6.8% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 17,561 shares of the semiconductor company's stock worth $10,185,000 after buying an additional 1,111 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded down $6.24 during mid-day trading on Friday, reaching $834.14. 329,688 shares of the company's stock were exchanged, compared to its average volume of 471,037. The firm has a 50-day moving average price of $794.18 and a two-hundred day moving average price of $686.94. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $954.00. The firm has a market capitalization of $39.95 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 3.13 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.09. The company had revenue of $664.57 million during the quarter, compared to analyst estimates of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%.The firm's revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.17 EPS. Monolithic Power Systems has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 30th. Monolithic Power Systems's dividend payout ratio is currently 16.25%.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 39,999 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $780.00, for a total value of $31,199,220.00. Following the sale, the executive vice president directly owned 121,605 shares of the company's stock, valued at approximately $94,851,900. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $814.34, for a total value of $2,443,020.00. Following the completion of the sale, the chief financial officer directly owned 40,939 shares in the company, valued at approximately $33,338,265.26. This represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,792 shares of company stock valued at $41,066,150 over the last ninety days. Company insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research note on Friday, August 1st. KeyCorp boosted their target price on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. William Blair raised shares of Monolithic Power Systems to a "strong-buy" rating in a report on Wednesday, August 13th. Citigroup reissued a "buy" rating and set a $825.00 target price (up previously from $785.00) on shares of Monolithic Power Systems in a research note on Monday, August 4th. Finally, Loop Capital increased their target price on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $838.09.

About Monolithic Power Systems

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.