ICONIQ Capital LLC Buys Shares of 550 Monolithic Power Systems, Inc. $MPWR

Key Points

• ICONIQ Capital LLC acquired a new stake in Monolithic Power Systems, purchasing 550 shares valued at approximately $319,000 in the first quarter of the year.
• The semiconductor company reported earnings of $4.21 per share for the last quarter, surpassing expectations, with a revenue increase of 31.0% year-over-year.
• Recent insider transactions reflected significant sales, with EVP Deming Xiao selling nearly 40,000 shares for over $31 million, and CFO Theodore Blegen selling 6,000 shares for $4.5 million.

ICONIQ Capital LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 550 shares of the semiconductor company's stock, valued at approximately $319,000.

Several other large investors also recently modified their holdings of MPWR. Brighton Jones LLC grew its holdings in Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 200 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Monolithic Power Systems by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 159,587 shares of the semiconductor company's stock worth $94,440,000 after acquiring an additional 10,761 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Monolithic Power Systems by 20.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,672 shares of the semiconductor company's stock worth $989,000 after acquiring an additional 289 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Monolithic Power Systems by 7.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,340 shares of the semiconductor company's stock worth $1,976,000 after acquiring an additional 238 shares during the last quarter. Finally, Optiver Holding B.V. increased its holdings in Monolithic Power Systems by 116.9% in the 4th quarter. Optiver Holding B.V. now owns 141 shares of the semiconductor company's stock worth $83,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 39,999 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the completion of the transaction, the executive vice president owned 121,605 shares of the company's stock, valued at approximately $94,851,900. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the sale, the chief financial officer directly owned 46,939 shares in the company, valued at $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,599 shares of company stock valued at $38,455,220. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $837.86 on Tuesday. The company's 50 day simple moving average is $759.45 and its two-hundred day simple moving average is $670.90. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The stock has a market capitalization of $40.13 billion, a PE ratio of 21.82, a P/E/G ratio of 3.14 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results 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. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm had revenue of $664.57 million for the quarter, compared to analysts' expectations of $648.74 million. During the same quarter in the prior year, the firm posted $3.17 earnings per share. The business's quarterly revenue was up 31.0% on a year-over-year basis. Monolithic Power Systems has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given 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 was Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 16.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a report on Friday, August 1st. Oppenheimer restated an "outperform" rating and set a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. William Blair raised shares of Monolithic Power Systems to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Loop Capital raised their price target on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average target price of $838.09.

Monolithic Power Systems Company Profile

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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