Patton Fund Management Inc. Grows Stock Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Patton Fund Management increased its stake in Monolithic Power Systems by 1,503.5%, buying an additional 5,653 shares to hold 6,029 shares valued at $5.464 million, and overall institutional ownership stands at 93.46%.
• Monolithic Power reported a strong quarter with $4.79 EPS (beating estimates) and revenue of $751.16 million, up 20.8% year-over-year, and the company raised its quarterly dividend to $2.00 ($8.00 annualized).
• Insiders have sold 137,683 shares worth $158.1 million in the past 90 days, yet analysts remain mostly positive (12 Buys vs. 3 Holds) with a consensus "Moderate Buy" and an average price target of $1,218.42.

Patton Fund Management Inc. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1,503.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,029 shares of the semiconductor company's stock after purchasing an additional 5,653 shares during the period. Patton Fund Management Inc.'s holdings in Monolithic Power Systems were worth $5,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Greenup Street Wealth Management LLC boosted its holdings in Monolithic Power Systems by 92.5% in the fourth quarter. Greenup Street Wealth Management LLC now owns 4,769 shares of the semiconductor company's stock valued at $4,323,000 after purchasing an additional 2,292 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Monolithic Power Systems by 5.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 119,015 shares of the semiconductor company's stock valued at $107,870,000 after purchasing an additional 6,511 shares during the period. Clear Creek Financial Management LLC boosted its holdings in Monolithic Power Systems by 22.8% in the fourth quarter. Clear Creek Financial Management LLC now owns 442 shares of the semiconductor company's stock valued at $401,000 after purchasing an additional 82 shares during the period. Bouvel Investment Partners LLC boosted its holdings in Monolithic Power Systems by 37.9% in the fourth quarter. Bouvel Investment Partners LLC now owns 2,146 shares of the semiconductor company's stock valued at $1,945,000 after purchasing an additional 590 shares during the period. Finally, Diversify Advisory Services LLC boosted its holdings in Monolithic Power Systems by 13.9% in the fourth quarter. Diversify Advisory Services LLC now owns 1,741 shares of the semiconductor company's stock valued at $1,578,000 after purchasing an additional 212 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $1,372.23 on Tuesday. The firm has a market capitalization of $67.40 billion, a PE ratio of 107.71, a price-to-earnings-growth ratio of 3.43 and a beta of 1.48. The business's fifty day moving average price is $1,142.18 and its 200 day moving average price is $1,035.32. Monolithic Power Systems, Inc. has a 12 month low of $496.40 and a 12 month high of $1,377.25.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same quarter in the prior year, the company posted $4.09 earnings per share. Monolithic Power Systems's revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.00 dividend. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems's payout ratio is currently 62.79%.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Victor K. Lee sold 400 shares of the company's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the transaction, the director owned 27,756 shares in the company, valued at $33,644,712.96. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 22,875 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 178,625 shares of the company's stock, valued at $209,198,455. This represents a 11.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 137,683 shares of company stock valued at $158,138,447 over the last ninety days. Company insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of recent research reports. Needham & Company LLC lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a "buy" rating in a report on Friday, February 6th. Truist Financial increased their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a "buy" rating in a report on Friday, February 6th. Oppenheimer reissued an "outperform" rating and issued a $1,300.00 target price on shares of Monolithic Power Systems in a report on Thursday, January 29th. Weiss Ratings lowered Monolithic Power Systems from a "buy (b-)" rating to a "hold (c)" rating in a report on Monday, March 2nd. Finally, Rosenblatt Securities increased their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a "neutral" rating in a report on Friday, February 6th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $1,218.42.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.