Moore Capital Management LP Acquires 4,186 Shares of Monolithic Power Systems, Inc. $MPWR

Moore Capital Management LP grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,080 shares of the semiconductor company’s stock after acquiring an additional 4,186 shares during the quarter. Moore Capital Management LP’s holdings in Monolithic Power Systems were worth $15,481,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MPWR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $34,000. IFP Advisors Inc increased its holdings in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd increased its holdings in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $38,000. Finally, Torren Management LLC bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $49,000. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Eileen Wynne sold 335 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total value of $530,197.80. Following the completion of the sale, the director directly owned 1,007 shares of the company’s stock, valued at $1,593,758.76. This trade represents a 24.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total value of $46,018.50. Following the completion of the sale, the executive vice president directly owned 1,179 shares of the company’s stock, valued at approximately $1,808,527.05. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 113,073 shares of company stock valued at $160,875,958. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MPWR shares. TD Cowen increased their price target 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. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,448.21 on Thursday. The company has a market cap of $71.15 billion, a PE ratio of 104.41, a PEG ratio of 2.68 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52-week low of $671.18 and a 52-week high of $1,714.09. The stock has a 50-day simple moving average of $1,533.91 and a 200 day simple moving average of $1,223.25.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the company earned $4.04 earnings per share. Monolithic Power Systems’s quarterly revenue was up 26.1% on a year-over-year basis. On average, research analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is 57.68%.

Monolithic Power Systems Company 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.