Monolithic Power Systems, Inc. $MPWR Stock Position Boosted by Generate Investment Management Ltd

Key Points

• Generate Investment Management increased its MPWR stake by 45.8% in the third quarter, bringing its holdings to 5,719 shares valued at approximately $7.7 million. Institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 beating estimates of $5.87 and revenue rising 47.6% year over year to $980.64 million. The company also declared a quarterly dividend of $2 per share, equivalent to a 0.6% yield.
• MPWR shares recently traded at $1,258.46, down from their 52-week high of $1,714.09. Analysts maintain a “Moderate Buy” consensus, with a consensus price target of $1,735.50, although some analysts have issued neutral or hold ratings.

Generate Investment Management Ltd grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 45.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,719 shares of the semiconductor company's stock after acquiring an additional 1,797 shares during the period. Generate Investment Management Ltd's holdings in Monolithic Power Systems were worth $7,705,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Transamerica Financial Advisors LLC bought a new stake in shares of Monolithic Power Systems in the second quarter worth $35,000. Danske Bank A S acquired a new stake in Monolithic Power Systems in the second quarter valued at $36,000. Continuum Advisory LLC bought a new position in Monolithic Power Systems during the 2nd quarter worth $43,000. GK Wealth Management LLC bought a new position in Monolithic Power Systems during the 3rd quarter worth $43,000. Finally, NBH Bank bought a new position in Monolithic Power Systems during the 2nd quarter worth $54,000. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of MPWR traded down $61.09 during trading hours on Wednesday, hitting $1,258.46. 260,364 shares of the stock were exchanged, compared to its average volume of 723,178. Monolithic Power Systems, Inc. has a fifty-two week low of $833.18 and a fifty-two week high of $1,714.09. The business has a 50-day moving average of $1,311.99 and a 200-day moving average of $1,389.81. The firm has a market capitalization of $61.84 billion, a P/E ratio of 77.14 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The firm had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same period last year, the company posted $4.21 EPS. The business's quarterly revenue was up 47.6% on a year-over-year basis. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 23.32 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Monolithic Power Systems's dividend payout ratio is 49.05%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was 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 in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the sale, the director directly owned 515 shares of the company's stock, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130 shares of company stock worth $175,397 in the last three months. Insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research downgraded Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. Weiss Ratings raised Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Arete Research initiated coverage on Monolithic Power Systems in a research note on Thursday, August 20th. They issued a "buy" rating and a $2,013.00 price target for the company. Needham & Company LLC raised their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,735.50.

About Monolithic Power Systems

Monolithic Power Systems, Inc NASDAQ: MPWR is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company's product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.

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