Geneva Capital Management LLC Purchases 2,049 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Geneva Capital Management LLC increased its stake in Monolithic Power Systems by 5.6%, now owning 38,388 shares worth approximately $22.26 million.
• The company reported a net margin of 73.17% and revenue of $664.57 million in its latest quarter, a 31% increase from the previous year.
• Several analysts have given Monolithic Power Systems a "Moderate Buy" rating with an average target price of $834.45.

Geneva Capital Management LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,388 shares of the semiconductor company's stock after purchasing an additional 2,049 shares during the quarter. Geneva Capital Management LLC owned about 0.08% of Monolithic Power Systems worth $22,264,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MPWR. Brighton Jones LLC increased its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 200 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Monolithic Power Systems in the fourth quarter valued at $454,000. Wells Fargo & Company MN increased its stake in Monolithic Power Systems by 20.2% in the fourth quarter. Wells Fargo & Company MN now owns 69,376 shares of the semiconductor company's stock valued at $41,050,000 after acquiring an additional 11,667 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Monolithic Power Systems in the fourth quarter valued at $293,000. Finally, Aviva PLC increased its stake in Monolithic Power Systems by 11.1% in the fourth quarter. Aviva PLC now owns 2,831 shares of the semiconductor company's stock valued at $1,675,000 after acquiring an additional 282 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $785.62 on Monday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The company has a 50-day simple moving average of $715.35 and a two-hundred day simple moving average of $650.95. The firm has a market capitalization of $37.62 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 3.12 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The business had revenue of $664.57 million during the quarter, compared to analyst estimates of $648.74 million. During the same period last year, the business posted $3.17 earnings per share. Monolithic Power Systems's quarterly revenue was up 31.0% compared to the same quarter last year. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.56 per share. 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 (DPR) is 16.25%.

Insider Activity at Monolithic Power Systems

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MPWR shares. Rosenblatt Securities reissued a "neutral" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday. Loop Capital raised their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Citigroup raised their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. KeyCorp increased their target price on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average target price of $834.45.

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.

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