Holocene Advisors LP Takes $47.11 Million Position in Monolithic Power Systems, Inc. $MPWR

Holocene Advisors LP acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 51,171 shares of the semiconductor company’s stock, valued at approximately $47,110,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Brighton Jones LLC lifted its holdings in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC raised its position in shares of Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares during the period. Allworth Financial LP raised its position in shares of Monolithic Power Systems by 15.3% during the 2nd quarter. Allworth Financial LP now owns 218 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 29 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Monolithic Power Systems by 24.1% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,424 shares of the semiconductor company’s stock worth $1,045,000 after purchasing an additional 277 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $289,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,077.40 on Tuesday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22. The business’s fifty day moving average price is $1,102.98 and its two-hundred day moving average price is $996.13. The company has a market capitalization of $52.92 billion, a P/E ratio of 84.57, a PEG ratio of 2.67 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. The company had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.09 earnings per share. On average, research analysts expect 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. Investors of record on Tuesday, March 31st will be given a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is currently 48.98%.

Analysts Set New Price Targets

A number of research analysts recently commented on MPWR shares. Truist Financial upped their price objective on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Oppenheimer reissued an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a report on Thursday, January 29th. Needham & Company LLC upped their price target 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. Finally, Rosenblatt Securities increased 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 report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,218.42.

Insider Activity

In other news, CFO Theodore Blegen sold 21,725 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the completion of the transaction, the chief financial officer directly owned 82,353 shares in the company, valued at $96,448,539.48. This trade represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Saria Tseng sold 22,875 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 200,626 shares of the company’s stock, valued at $234,965,146.16. This trade represents a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 98,550 shares of company stock worth $114,256,090 in the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

About Monolithic Power Systems

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.