Greenland Capital Management LP Acquires New Shares in Monolithic Power Systems, Inc. $MPWR

Greenland Capital Management LP acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 469 shares of the semiconductor company’s stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alta Advisers Ltd purchased a new position in Monolithic Power Systems during the 2nd quarter valued at about $311,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $3,566,000. Commerce Bank purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $15,106,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $3,264,000. Finally, Evolve Private Wealth LLC bought a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $2,531,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,316.28 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The stock has a market capitalization of $64.68 billion, a P/E ratio of 80.70 and a beta of 1.69. The company’s 50-day simple moving average is $1,373.38 and its 200-day simple moving average is $1,346.04.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The firm had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.21 EPS. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 49.05%.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the transaction, the director directly owned 565 shares of the company’s stock, valued at approximately $802,300. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeff Zhou sold 486 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the sale, the director owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. This represents a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,191 shares of company stock valued at $13,874,865 over the last three months. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Truist Financial increased their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. TD Cowen lifted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.

Monolithic Power Systems 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.