Stevens Capital Management LP Has $273,000 Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Stevens Capital Management LP reduced its stake in Monolithic Power Systems by 46.9% in Q1, holding 471 shares worth $273,000 after selling 416 shares.
• Multiple institutional investors increased their stakes, with Itau Unibanco raising its holdings by 637.5% in Q4, now owning 59 shares valued at $35,000.
• Monolithic Power Systems declared a $1.56 quarterly dividend, which represents an annual yield of 0.87% and a dividend payout ratio of 16.56%.

Stevens Capital Management LP lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 46.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 471 shares of the semiconductor company's stock after selling 416 shares during the period. Stevens Capital Management LP's holdings in Monolithic Power Systems were worth $273,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. boosted its holdings in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after buying an additional 51 shares during the last quarter. Global Financial Private Client LLC boosted its holdings in shares of Monolithic Power Systems by 265.0% during the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 53 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $47,000. Finally, Opal Wealth Advisors LLC acquired a new position in Monolithic Power Systems in the first quarter valued at approximately $54,000. Institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the transaction, the chief financial officer owned 46,939 shares in the company, valued at approximately $35,204,250. The trade was a 11.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the transaction, the executive vice president directly owned 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,200 shares of company stock worth $13,046,800 in the last quarter. 3.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Stifel Nicolaus cut their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Loop Capital increased their target price on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Citigroup lifted their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $805.67.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $10.27 during trading hours on Wednesday, hitting $734.64. 124,730 shares of the stock were exchanged, compared to its average volume of 808,789. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The company's 50 day moving average is $711.06 and its 200 day moving average is $647.47. The firm has a market capitalization of $35.17 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.93 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The firm's revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter last year, the company posted $2.81 EPS. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.85%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's payout ratio is presently 16.56%.

Monolithic Power Systems Profile

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.