Greenland Capital Management LP Has $648,000 Stake in Monolithic Power Systems, Inc. $MPWR

Key Points

• Greenland Capital Management cut its Monolithic Power Systems stake by 71.3% in the second quarter, selling 1,166 shares and retaining 469 shares valued at approximately $648,000. Institutional investors and hedge funds collectively own 93.46% of the stock.
• Analyst sentiment remains positive, with Monolithic Power Systems carrying a consensus “Moderate Buy” rating and an average price target of $1,731.42, despite mixed updates from individual research firms.
• The company reported strong quarterly results, earning $6.50 per share on $980.64 million in revenue, exceeding estimates and representing 47.6% year-over-year revenue growth. It also pays a $2.00 quarterly dividend, equivalent to a 0.7% yield.

Greenland Capital Management LP reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 71.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 469 shares of the semiconductor company's stock after selling 1,166 shares during the period. Greenland Capital Management LP's holdings in Monolithic Power Systems were worth $648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Royal Fund Management LLC increased its stake in shares of Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock valued at $289,000 after buying an additional 7 shares during the period. Covestor Ltd lifted its stake in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 9 shares during the period. Bell Investment Advisors Inc boosted its holdings in Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 9 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company's stock valued at $766,000 after acquiring an additional 10 shares during the last quarter. Finally, KCM Investment Advisors LLC increased its position in Monolithic Power Systems by 2.2% during the 1st quarter. KCM Investment Advisors LLC now owns 467 shares of the semiconductor company's stock valued at $511,000 after purchasing an additional 10 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on MPWR. Weiss Ratings lowered shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 31st. Truist Financial upped their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a research note on Friday, July 31st. KeyCorp increased their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Rosenblatt Securities reissued a "neutral" rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,731.42.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,223.86 on Monday. The company has a market cap of $60.14 billion, a P/E ratio of 75.04 and a beta of 1.66. The stock has a 50 day simple moving average of $1,328.13 and a two-hundred day simple moving average of $1,353.45. Monolithic Power Systems, Inc. has a fifty-two week low of $830.00 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company's revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.21 earnings per share. On average, research analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's payout ratio is presently 49.05%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares of the company's stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 160 shares of company stock worth $215,945. 3.60% of the stock is owned by insiders.

Monolithic Power Systems Company Profile

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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