Mainstay Capital Management LLC ADV Boosts Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Mainstay Capital Management LLC ADV significantly increased its stake in Monolithic Power Systems by 113.4%, owning 794 shares worth approximately $581,000.
• Insider trading saw executives sell large amounts of stock, with EVP Deming Xiao selling nearly 40,000 shares for over $31 million, reducing his ownership by 24.75%.
• Monolithic Power Systems recently reported earnings of $4.21 per share, surpassing estimates and indicating a year-over-year revenue growth of 31.0% for the quarter.

Mainstay Capital Management LLC ADV lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 113.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 794 shares of the semiconductor company's stock after buying an additional 422 shares during the period. Mainstay Capital Management LLC ADV's holdings in Monolithic Power Systems were worth $581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $36,000. SouthState Corp acquired a new stake in Monolithic Power Systems in the 1st quarter worth approximately $33,000. AdvisorNet Financial Inc boosted its stake in Monolithic Power Systems by 306.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 49 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Monolithic Power Systems by 146.4% in the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity

In related 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 transaction of $31,199,220.00. Following the completion of the sale, the executive vice president directly owned 121,605 shares of the company's stock, valued at $94,851,900. This trade represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Saria Tseng sold 14,510 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $914.45, for a total value of $13,268,669.50. Following the sale, the executive vice president directly owned 144,494 shares of the company's stock, valued at approximately $132,132,538.30. This represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,702 shares of company stock valued at $53,834,480. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Up 3.7%

Shares of MPWR opened at $980.90 on Thursday. The firm has a market cap of $46.98 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.27. The company's 50 day simple moving average is $860.23 and its 200-day simple moving average is $725.26. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $986.63.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $648.74 million. During the same period last year, the firm posted $3.17 earnings per share. The company's revenue for the quarter was up 31.0% compared to the same quarter last year. Monolithic Power Systems has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.25%.

Analyst Ratings Changes

Several analysts have commented on the stock. 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. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Monolithic Power Systems in a report on Wednesday. Loop Capital upped their price objective on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, KeyCorp upped their target price on shares of Monolithic Power Systems from $950.00 to $1,050.00 and gave the company an "overweight" rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $880.50.

Monolithic Power Systems 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.