Ewa LLC Acquires New Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Ewa LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 356 shares of the semiconductor company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank raised its holdings in Monolithic Power Systems by 5.6% in the 3rd quarter. Huntington National Bank now owns 657 shares of the semiconductor company’s stock worth $304,000 after acquiring an additional 35 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Monolithic Power Systems by 8.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company’s stock worth $90,913,000 after purchasing an additional 15,609 shares during the period. Adage Capital Partners GP L.L.C. increased its holdings in shares of Monolithic Power Systems by 36.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock worth $21,945,000 after purchasing an additional 12,600 shares during the period. Czech National Bank increased its holdings in shares of Monolithic Power Systems by 0.5% during the 4th quarter. Czech National Bank now owns 8,391 shares of the semiconductor company’s stock worth $5,293,000 after purchasing an additional 41 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Monolithic Power Systems by 19.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock worth $290,844,000 after purchasing an additional 73,564 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MPWR. Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. KeyCorp lifted their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. TD Cowen lifted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $670.30.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares of the company’s stock, valued at $51,137,143.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the sale, the chief financial officer now directly owns 84,768 shares in the company, valued at $51,137,143.68. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock valued at $30,357,479 over the last ninety days. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock traded up $5.11 during trading hours on Monday, reaching $682.34. 203,133 shares of the company were exchanged, compared to its average volume of 531,262. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15. The stock’s fifty day moving average is $682.80 and its two-hundred day moving average is $610.14. The company has a market cap of $33.20 billion, a price-to-earnings ratio of 78.53, a P/E/G ratio of 3.62 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The business had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.73%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s payout ratio is 57.08%.

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.