Nicholas Investment Partners LP Makes New $16.77 Million Investment in Monolithic Power Systems, Inc. $MPWR

Key Points

• Nicholas Investment Partners initiated a $16.77 million position in Monolithic Power Systems, purchasing 12,129 shares during the second quarter. Institutional investors and hedge funds collectively own 93.46% of MPWR.
• Monolithic Power Systems reported quarterly EPS of $6.50, exceeding estimates of $5.87, while revenue rose 47.6% year over year to $980.64 million.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $1,731.42; however, insiders sold approximately $13.06 million of stock over the past 90 days.

Nicholas Investment Partners LP bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,129 shares of the semiconductor company's stock, valued at approximately $16,767,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MPWR. BlackRock Inc. acquired a new position in Monolithic Power Systems during the second quarter worth $7,727,289,000. State Street Corp increased its position in shares of Monolithic Power Systems by 2.1% in the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock valued at $1,979,610,000 after buying an additional 45,715 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock worth $1,855,476,000 after buying an additional 1,993,576 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Monolithic Power Systems by 7.5% during the 4th 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 buying 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 acquiring an additional 295,556 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Saria Tseng sold 7,565 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares of the company's stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,705 shares of company stock worth $13,058,385 in the last 90 days. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MPWR shares. TD Cowen lifted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Arete Research set a $2,013.00 target price on shares of Monolithic Power Systems and gave the company a "buy" rating in a report on Thursday. Wall Street Zen raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Needham & Company LLC lifted their price target 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. Finally, Citigroup reiterated a "buy" rating on shares of Monolithic Power Systems in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average price target of $1,731.42.

Monolithic Power Systems Stock Down 2.4%

MPWR stock opened at $1,285.03 on Tuesday. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09. The stock's fifty day simple moving average is $1,366.04 and its 200-day simple moving average is $1,348.10. The stock has a market capitalization of $63.15 billion, a price-to-earnings ratio of 78.79 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million during 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 business's quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.21 earnings per share. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

About Monolithic Power Systems

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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