Point Nemo Capital LLC Acquires 1,138 Shares of Monolithic Power Systems, Inc. $MPWR

Point Nemo Capital LLC lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18,966.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,144 shares of the semiconductor company’s stock after buying an additional 1,138 shares during the period. Point Nemo Capital LLC’s holdings in Monolithic Power Systems were worth $1,541,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MPWR. Generate Investment Management Ltd lifted its stake in shares of Monolithic Power Systems by 45.8% in the 3rd quarter. Generate Investment Management Ltd now owns 5,719 shares of the semiconductor company’s stock valued at $7,705,000 after acquiring an additional 1,797 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Monolithic Power Systems by 10.3% during the 2nd quarter. Baird Financial Group Inc. now owns 81,895 shares of the semiconductor company’s stock valued at $113,210,000 after acquiring an additional 7,624 shares in the last quarter. Westwind Capital bought a new stake in Monolithic Power Systems during the 3rd quarter worth $1,784,000. Wedmont Private Capital grew its position in Monolithic Power Systems by 68.0% during the 3rd quarter. Wedmont Private Capital now owns 2,006 shares of the semiconductor company’s stock worth $2,748,000 after acquiring an additional 812 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in Monolithic Power Systems by 773.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,677 shares of the semiconductor company’s stock worth $2,318,000 after acquiring an additional 1,485 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MPWR shares. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. KeyCorp boosted their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Truist Financial boosted their price target on Monolithic Power Systems from $1,889.00 to $1,906.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Buy” and an average price target of $1,783.77.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,190.44 on Friday. The company has a fifty day moving average price of $1,267.39 and a 200-day moving average price of $1,315.87. The company has a market capitalization of $58.06 billion, a P/E ratio of 65.73 and a beta of 1.71. Monolithic Power Systems, Inc. has a 52-week low of $833.18 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $8.19 EPS for the quarter, topping analysts’ consensus estimates of $7.79 by $0.40. Monolithic Power Systems had a net margin of 23.85% and a return on equity of 25.23%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $4.73 earnings per share. Monolithic Power Systems’s revenue was up 63.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 23.72 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 44.17%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc (MPS) designs, develops and markets semiconductor-based power management solutions. Its products include power management integrated circuits, DC-to-DC converters, power modules, battery chargers, LED drivers and motor drivers, which help control and convert electrical power in electronic systems.

The company’s products serve a range of markets, including computing and data storage, automotive, communications, consumer electronics and industrial applications.