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

Key Points

• Patton Fund Management Inc. has acquired a new stake in Monolithic Power Systems, purchasing 376 shares valued at approximately $275,000 in the 2nd quarter.
• Monolithic Power Systems reported a 31.0% increase in revenue year-over-year, with $664.57 million for the quarter and earnings per share of $4.21, exceeding estimates by $0.09.
• The company announced a quarterly dividend of $1.56 per share, representing an annualized yield of 0.7%, payable to stockholders of record on September 30th.

Patton Fund Management Inc. purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 376 shares of the semiconductor company's stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Monolithic Power Systems by 13.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,719 shares of the semiconductor company's stock valued at $2,157,000 after purchasing an additional 438 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Monolithic Power Systems in the 1st quarter worth approximately $204,000. Praxis Investment Management Inc. purchased a new stake in Monolithic Power Systems in the 1st quarter worth approximately $980,000. Jackson Wealth Management LLC increased its holdings in Monolithic Power Systems by 29.5% in the 1st quarter. Jackson Wealth Management LLC now owns 2,896 shares of the semiconductor company's stock worth $1,680,000 after acquiring an additional 659 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in Monolithic Power Systems by 52.6% in the 1st quarter. DAVENPORT & Co LLC now owns 653 shares of the semiconductor company's stock worth $379,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $887.55 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $954.00. The company has a market capitalization of $42.51 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 3.31 and a beta of 1.23. The business has a 50 day simple moving average of $826.61 and a two-hundred day simple moving average of $708.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%.The business had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. During the same period in the prior year, the company posted $3.17 EPS. The firm'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. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 30th. Monolithic Power Systems's dividend payout ratio is currently 16.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Raymond James Financial reissued an "outperform" rating and issued a $875.00 target price (up from $720.00) on shares of Monolithic Power Systems in a report on Friday, August 1st. Loop Capital increased their target price on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Needham & Company LLC increased their target price on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $838.09.

Insider Activity

In other news, Director Jeff Zhou sold 400 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $850.00, for a total transaction of $340,000.00. Following the completion of the transaction, the director directly owned 5,804 shares in the company, valued at approximately $4,933,400. This represents a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 14,510 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $914.45, for a total value of $13,268,669.50. Following the transaction, the executive vice president owned 144,494 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 68,702 shares of company stock worth $55,594,820. 3.40% of the stock is owned by corporate insiders.

About Monolithic Power Systems

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.

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report).

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.