Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 33.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,165 shares of the semiconductor company’s stock after purchasing an additional 293 shares during the period. GAMMA Investing LLC’s holdings in Monolithic Power Systems were worth $1,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ossiam increased its position in shares of Monolithic Power Systems by 13.5% in the fourth quarter. Ossiam now owns 1,341 shares of the semiconductor company’s stock worth $846,000 after acquiring an additional 159 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $14,079,000. Robeco Schweiz AG increased its position in shares of Monolithic Power Systems by 2.5% in the fourth quarter. Robeco Schweiz AG now owns 250,372 shares of the semiconductor company’s stock worth $157,930,000 after acquiring an additional 6,162 shares in the last quarter. Analog Century Management LP grew its holdings in Monolithic Power Systems by 14.3% during the 4th quarter. Analog Century Management LP now owns 34,693 shares of the semiconductor company’s stock valued at $21,884,000 after purchasing an additional 4,342 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $533,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, CEO Michael Hsing sold 9,614 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $7,994,810.12. Following the transaction, the chief executive officer now directly owns 868,122 shares of the company’s stock, valued at $721,912,892.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Deming Xiao sold 3,205 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the completion of the sale, the executive vice president now directly owns 203,213 shares in the company, valued at approximately $168,987,866.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 9,614 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $7,994,810.12. Following the sale, the chief executive officer now owns 868,122 shares of the company’s stock, valued at approximately $721,912,892.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,535 shares of company stock valued at $41,171,238 in the last quarter. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Down 0.6 %

Monolithic Power Systems stock opened at $930.24 on Tuesday. The stock has a market cap of $45.28 billion, a price-to-earnings ratio of 110.87, a PEG ratio of 4.13 and a beta of 1.11. The company’s 50-day moving average price is $881.08 and its two-hundred day moving average price is $793.90. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS. Research analysts expect that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.54%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MPWR shares. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Truist Financial restated a “buy” rating and issued a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $959.90.

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.