Stephens Investment Management Group LLC Raises Stake in Monolithic Power Systems, Inc. $MPWR

Stephens Investment Management Group LLC lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.4% during the first quarter, HoldingsChannel reports. The firm owned 12,825 shares of the semiconductor company’s stock after purchasing an additional 989 shares during the period. Stephens Investment Management Group LLC’s holdings in Monolithic Power Systems were worth $14,022,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems in the 4th quarter worth about $34,000. IFP Advisors Inc grew its stake in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd increased its holdings in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the period. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $38,000. Finally, Torren Management LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent research reports. Raymond James Financial reiterated an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a report on Friday, May 1st. TD Cowen raised their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the sale, the executive vice president directly owned 166,644 shares of the company’s stock, valued at $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. This represents a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,303 shares of company stock worth $124,360,642 in the last ninety days. 3.60% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,288.16 on Monday. Monolithic Power Systems, Inc. has a twelve month low of $686.87 and a twelve month high of $1,714.09. The company has a market cap of $63.29 billion, a PE ratio of 92.87, a P/E/G ratio of 2.30 and a beta of 1.71. The company’s 50 day moving average is $1,537.65 and its two-hundred day moving average is $1,261.25.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.04 earnings per share. As a group, analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $2.00 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.

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.