Monolithic Power Systems, Inc. $MPWR Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,010 shares of the semiconductor company’s stock after purchasing an additional 833 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Monolithic Power Systems were worth $6,926,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MPWR. IFP Advisors Inc lifted its holdings in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd grew its holdings in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $38,000. Sunbelt Securities Inc. raised its position in shares of Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 28 shares during the last quarter. Finally, Essential Partners LLC lifted its stake in shares of Monolithic Power Systems by 30.3% in the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock worth $47,000 after buying an additional 10 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MPWR. Rosenblatt Securities restated a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, TD Cowen boosted their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,705.82.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were 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 in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the sale, the director directly owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. This trade represents a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,191 shares of company stock valued at $21,807,015 over the last three months. 3.60% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Up 2.9%

Shares of MPWR opened at $1,402.01 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09. The company has a market capitalization of $68.90 billion, a PE ratio of 85.96 and a beta of 1.69. The stock has a fifty day simple moving average of $1,394.48 and a two-hundred day simple moving average of $1,338.74.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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 analyst estimates 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 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. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

About Monolithic Power Systems

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.