Monolithic Power Systems, Inc. $MPWR Stock: Generate Investment Management Ltd Grows Holdings

Generate Investment Management Ltd grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 45.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,719 shares of the semiconductor company’s stock after purchasing an additional 1,797 shares during the period. Generate Investment Management Ltd’s holdings in Monolithic Power Systems were worth $7,705,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MPWR. Royal Fund Management LLC lifted its holdings in shares of Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 7 shares in the last quarter. Eastern Bank grew its holdings in Monolithic Power Systems by 8.0% during the third quarter. Eastern Bank now owns 108 shares of the semiconductor company’s stock worth $146,000 after buying an additional 8 shares in the last quarter. Avidian Wealth Enterprises LLC raised its position in Monolithic Power Systems by 4.5% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company’s stock valued at $250,000 after buying an additional 8 shares during the last quarter. Bell Investment Advisors Inc raised its position in Monolithic Power Systems by 23.7% in the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 9 shares during the last quarter. Finally, Worthington Financial Partners LLC lifted its stake in Monolithic Power Systems by 0.6% during the 3rd quarter. Worthington Financial Partners LLC now owns 1,622 shares of the semiconductor company’s stock valued at $2,185,000 after acquiring an additional 9 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the sale, the director owned 515 shares of the company’s stock, valued at $660,008.55. This trade represents a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 130 shares of company stock valued at $175,397. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, July 31st. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Monday, October 5th. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, KeyCorp boosted their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,735.50.

Monolithic Power Systems Stock Down 4.6%

Monolithic Power Systems stock traded down $61.09 during mid-day trading on Wednesday, reaching $1,258.46. 260,364 shares of the company’s stock were exchanged, compared to its average volume of 723,178. The business’s fifty day simple moving average is $1,311.99 and its 200 day simple moving average is $1,389.81. The firm has a market capitalization of $61.84 billion, a PE ratio of 77.14 and a beta of 1.68. Monolithic Power Systems, Inc. has a one year low of $833.18 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the company earned $4.21 EPS. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 23.32 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Monolithic Power Systems’s payout ratio is 49.05%.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.