Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Boosted by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its holdings in Monolithic Power Systems by 4.1% during the first quarter, owning 17,051 shares valued at approximately $9.89 million by the end of the reporting period.
• Insider trading activity includes significant sales of shares by executives, with EVP Maurice Sciammas selling 12,000 shares for $8.41 million and EVP Deming Xiao selling 39,999 shares valued at $31.20 million.
• Monolithic Power Systems reported $4.21 earnings per share for the latest quarter, surpassing estimates and reflecting a year-over-year revenue increase of 31.0%.

Townsquare Capital LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,051 shares of the semiconductor company's stock after acquiring an additional 667 shares during the quarter. Townsquare Capital LLC's holdings in Monolithic Power Systems were worth $9,889,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. increased its holdings in shares of 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 valued at $35,000 after acquiring an additional 51 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Monolithic Power Systems by 146.4% in the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 41 shares during the period. Global Financial Private Client LLC increased its holdings in shares of Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 53 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity

In related news, CFO Theodore Blegen sold 6,000 shares of the firm'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 value of $4,500,000.00. Following the transaction, the chief financial officer owned 46,939 shares in the company, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Deming Xiao sold 39,999 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the completion of the sale, the executive vice president directly owned 121,605 shares of the company's stock, valued at $94,851,900. This trade represents a 24.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,999 shares of company stock worth $37,949,220. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR traded up $16.20 on Wednesday, reaching $856.76. The stock had a trading volume of 212,233 shares, compared to its average volume of 812,458. The company has a market cap of $41.03 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 2.97 and a beta of 1.18. The firm's fifty day moving average is $734.63 and its two-hundred day moving average is $658.40. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.09. The company had revenue of $664.57 million for the quarter, compared to analyst estimates of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm's quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.17 EPS. As a group, research analysts forecast 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. Stockholders of record on Monday, June 30th were issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's dividend payout ratio is presently 16.25%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MPWR. Rosenblatt Securities restated a "neutral" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, August 1st. Citigroup restated a "buy" rating and set a $825.00 price objective (up previously from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. KeyCorp upped their price target on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $838.09.

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.