TimesSquare Capital Management LLC Acquires 8,660 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

TimesSquare Capital Management LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 145,302 shares of the semiconductor company's stock after purchasing an additional 8,660 shares during the quarter. Monolithic Power Systems comprises 1.4% of TimesSquare Capital Management LLC's portfolio, making the stock its 18th biggest holding. TimesSquare Capital Management LLC owned approximately 0.30% of Monolithic Power Systems worth $84,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $493,807,000. GAMMA Investing LLC lifted its stake in shares of Monolithic Power Systems by 76,432.3% in the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after buying an additional 777,316 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after purchasing an additional 214,395 shares during the period. Siemens Fonds Invest GmbH lifted its stake in Monolithic Power Systems by 18,567.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock worth $118,628,000 after purchasing an additional 199,413 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in Monolithic Power Systems during the fourth quarter worth about $113,547,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 0.5%

Shares of MPWR stock traded down $3.59 on Wednesday, hitting $714.03. The stock had a trading volume of 779,641 shares, compared to its average volume of 805,687. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a market cap of $34.19 billion, a P/E ratio of 18.95, a PEG ratio of 2.86 and a beta of 1.20. The company has a fifty day moving average price of $705.38 and a two-hundred day moving average price of $639.70.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to analyst estimates 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 was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 EPS. On average, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $1.56 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.87%. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the sale, the chief financial officer directly owned 46,939 shares of the company's stock, valued at approximately $35,204,250. The trade was a 11.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on MPWR. KeyCorp raised their price target on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $695.00 to $730.00 and gave the company an "equal weight" rating in a research note on Wednesday. Citigroup raised their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, TD Cowen raised their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average price target of $802.33.

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.