WINTON GROUP Ltd Makes New $1.45 Million Investment in Monolithic Power Systems, Inc. $MPWR

WINTON GROUP Ltd acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, HoldingsChannel reports. The institutional investor acquired 1,575 shares of the semiconductor company’s stock, valued at approximately $1,450,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $438,014,000. JPMorgan Chase & Co. grew its stake in Monolithic Power Systems by 36.1% in the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after purchasing an additional 227,159 shares during the period. Rakuten Investment Management Inc. bought a new position in Monolithic Power Systems in the third quarter worth $197,260,000. First Trust Advisors LP lifted its position in Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after buying an additional 178,622 shares during the period. Finally, Rafferty Asset Management LLC lifted its position in Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after buying an additional 140,269 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings cut shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 target price on shares of Monolithic Power Systems in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,218.42.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Victor K. Lee sold 400 shares of Monolithic Power Systems stock in a transaction on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the sale, the director owned 27,756 shares of the company’s stock, valued at $33,644,712.96. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Deming Xiao 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 value of $26,790,285.00. Following the sale, the executive vice president owned 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. This trade represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 98,550 shares of company stock worth $114,256,090. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,055.82 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22. The business has a fifty day moving average price of $1,092.36 and a 200-day moving average price of $990.35. The company has a market capitalization of $51.86 billion, a PE ratio of 82.87, a PEG ratio of 2.69 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. The company had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.09 earnings per share. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $2.00 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Monolithic Power Systems’s payout ratio is presently 48.98%.

Monolithic Power Systems Profile

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.