CTC Alternative Strategies Ltd. Takes Position in Monolithic Power Systems, Inc. $MPWR

CTC Alternative Strategies Ltd. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 974 shares of the semiconductor company’s stock, valued at approximately $897,000. Monolithic Power Systems comprises approximately 1.1% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds have also bought and sold shares of the company. True Wealth Design LLC raised its stake in Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at approximately $33,000. IFP Advisors Inc raised its position in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in Monolithic Power Systems by 192.9% during the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 27 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings lowered shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. KeyCorp lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,218.42.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,075.29 on Thursday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,256.22. The stock has a market capitalization of $52.82 billion, a price-to-earnings ratio of 84.40, a PEG ratio of 2.70 and a beta of 1.45. The stock’s fifty day moving average is $1,106.53 and its two-hundred day moving average is $998.30.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The business had revenue of $751.16 million during the quarter, compared to analyst estimates of $741.69 million. During the same quarter in the prior year, the firm earned $4.09 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company 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 positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s payout ratio is currently 48.98%.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 21,725 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the sale, the chief financial officer owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. The trade was a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Deming Xiao sold 22,875 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 98,550 shares of company stock valued at $114,256,090 in the last ninety days. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Company 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.