Stevens Capital Management LP Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Stevens Capital Management LP raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 138.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,864 shares of the semiconductor company’s stock after buying an additional 1,083 shares during the quarter. Stevens Capital Management LP’s holdings in Monolithic Power Systems were worth $1,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC raised its position in shares of Monolithic Power Systems by 35.0% in the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after buying an additional 929,009 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Monolithic Power Systems by 87.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after buying an additional 180,500 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after acquiring an additional 123,946 shares in the last quarter. Rokos Capital Management LLP lifted its stake in shares of Monolithic Power Systems by 133.9% during the third quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock worth $93,218,000 after purchasing an additional 115,250 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Monolithic Power Systems by 38,510.1% during the 4th quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock valued at $48,222,000 after buying an additional 76,250 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 2.6 %

NASDAQ MPWR traded up $16.89 during trading hours on Friday, reaching $677.23. The company’s stock had a trading volume of 402,827 shares, compared to its average volume of 535,518. The business has a 50-day simple moving average of $683.86 and a 200 day simple moving average of $607.16. Monolithic Power Systems, Inc. has a 52 week low of $383.19 and a 52 week high of $778.15. The stock has a market cap of $32.95 billion, a PE ratio of 75.38, a PEG ratio of 3.44 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The company had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $1.25 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a yield of 0.74%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Jeff Zhou sold 200 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the transaction, the director now directly owns 6,269 shares of the company’s stock, valued at approximately $4,705,323.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $750.57, for a total transaction of $150,114.00. Following the sale, the director now directly owns 6,269 shares in the company, valued at $4,705,323.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock valued at $30,357,479 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.