Nicholas Investment Partners LP Makes New $16.77 Million Investment in Monolithic Power Systems, Inc. $MPWR

Nicholas Investment Partners LP acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, HoldingsChannel reports. The firm acquired 12,129 shares of the semiconductor company’s stock, valued at approximately $16,767,000.

A number of other institutional investors have also modified their holdings of MPWR. Legal & General Group Plc purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $497,561,000. The Manufacturers Life Insurance Company purchased a new position in Monolithic Power Systems in the second quarter valued at approximately $68,962,000. Fiduciary Financial Advisors acquired a new position in Monolithic Power Systems during the second quarter valued at approximately $108,000. Brandywine Managers LLC acquired a new position in Monolithic Power Systems during the second quarter valued at approximately $834,000. Finally, L2 Asset Management LLC purchased a new stake in Monolithic Power Systems during the second quarter worth approximately $373,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent research reports. Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Truist Financial increased their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a report on Friday, July 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,731.42.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,285.03 on Tuesday. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09. The company has a market capitalization of $63.15 billion, a PE ratio of 78.79 and a beta of 1.69. The business has a 50-day moving average of $1,366.04 and a 200-day moving average of $1,348.10.

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

Monolithic Power Systems Announces Dividend

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

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,705 shares of company stock valued at $13,058,385 in the last three months. Corporate insiders own 3.60% of the company’s stock.

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.