Moore Capital Management LP Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Key Points

• Moore Capital Management initiated a 6,250-share position in Monolithic Power Systems valued at approximately $8.64 million during the second quarter. Institutional investors collectively own 93.46% of MPWR’s outstanding shares.
• Analyst sentiment remains positive, with one Strong Buy, 12 Buy and two Hold ratings. The stock has a “Moderate Buy” consensus and an average price target of $1,731.42.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 in EPS and $980.64 million in revenue, up 47.6% year over year. However, insiders sold 160 shares worth about $215,945 during the last quarter, while the stock trades at a lofty P/E ratio of 77.02.

Moore Capital Management LP bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,250 shares of the semiconductor company's stock, valued at approximately $8,640,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MPWR. BlackRock Inc. purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $7,727,289,000. State Street Corp lifted its holdings in Monolithic Power Systems by 2.1% during the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock worth $1,979,610,000 after acquiring an additional 45,715 shares during the period. Corient Private Wealth LLC boosted its position in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Monolithic Power Systems by 7.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock worth $1,533,013,000 after purchasing an additional 117,596 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company's stock valued at $1,300,345,000 after purchasing an additional 295,556 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the business's stock in a transaction on 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 sale, the director owned 515 shares of the company's stock, valued at $660,008.55. The trade was a 8.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on 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 sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 160 shares of company stock valued at $215,945 over the last quarter. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several research analyst reports. Wall Street Zen raised Monolithic Power Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Truist Financial increased their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. Finally, Weiss Ratings upgraded shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,731.42.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,256.26 on Monday. The stock has a fifty day moving average of $1,348.06 and a 200-day moving average of $1,351.24. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The company has a market capitalization of $61.73 billion, a price-to-earnings ratio of 77.02 and a beta of 1.69.

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

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's payout ratio is currently 49.05%.

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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