GAMMA Investing LLC Grows Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

GAMMA Investing LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 541 shares of the semiconductor company’s stock after buying an additional 83 shares during the period. GAMMA Investing LLC’s holdings in Monolithic Power Systems were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC increased its holdings in Monolithic Power Systems by 763.8% in the first quarter. Los Angeles Capital Management LLC now owns 43,353 shares of the semiconductor company’s stock valued at $29,368,000 after buying an additional 38,334 shares in the last quarter. Canandaigua National Bank & Trust Co. grew its position in shares of Monolithic Power Systems by 43.9% in the first quarter. Canandaigua National Bank & Trust Co. now owns 859 shares of the semiconductor company’s stock valued at $582,000 after purchasing an additional 262 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $601,000. HighPoint Advisor Group LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $1,112,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Monolithic Power Systems by 13.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,274 shares of the semiconductor company’s stock valued at $5,219,000 after purchasing an additional 988 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the sale, the chief executive officer now directly owns 899,232 shares of the company’s stock, valued at approximately $609,175,726.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $663.29, for a total value of $1,658,225.00. Following the sale, the chief financial officer now directly owns 75,723 shares of the company’s stock, valued at approximately $50,226,308.67. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the completion of the sale, the chief executive officer now directly owns 899,232 shares in the company, valued at $609,175,726.08. The disclosure for this sale can be found here. Insiders have sold a total of 46,046 shares of company stock valued at $31,842,373 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $852.56 on Thursday. The company’s 50 day simple moving average is $721.13 and its 200-day simple moving average is $677.24. The company has a market capitalization of $41.50 billion, a price-to-earnings ratio of 101.62, a price-to-earnings-growth ratio of 4.36 and a beta of 1.13. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Equities analysts expect that Monolithic Power Systems, Inc. will post 10.12 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Analyst Ratings Changes

Several analysts have recently issued reports on MPWR shares. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. KeyCorp boosted their price target on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Truist Financial boosted their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $766.00.

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.