Quantinno Capital Management LP Buys 13,207 Shares of Monolithic Power Systems, Inc. $MPWR

Quantinno Capital Management LP boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 22.2% in the first quarter, HoldingsChannel reports. The firm owned 72,771 shares of the semiconductor company’s stock after buying an additional 13,207 shares during the period. Quantinno Capital Management LP’s holdings in Monolithic Power Systems were worth $79,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPWR. Covestor Ltd raised 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 valued at $36,000 after purchasing an additional 9 shares during the period. Bell Investment Advisors Inc grew its stake in shares of Monolithic Power Systems by 23.7% in the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 9 shares during the period. Resonant Capital Advisors LLC increased its position in Monolithic Power Systems by 4.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 10 shares in the last quarter. CENTRAL TRUST Co increased its position in Monolithic Power Systems by 1.4% in the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after buying an additional 10 shares in the last quarter. Finally, YANKCOM Partnership raised its stake in Monolithic Power Systems by 6.7% during the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock worth $160,000 after buying an additional 11 shares during the period. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MPWR. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. TD Cowen upped their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. KeyCorp increased their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,657.27.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,282.01 on Wednesday. Monolithic Power Systems, Inc. has a fifty-two week low of $706.00 and a fifty-two week high of $1,714.09. The stock has a market cap of $62.99 billion, a price-to-earnings ratio of 92.43 and a beta of 1.71. The firm’s 50-day simple moving average is $1,454.80 and its 200 day simple moving average is $1,308.91.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.04 EPS. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Insider Activity at Monolithic Power Systems

In related news, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares in the company, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the sale, the executive vice president owned 166,644 shares of the company’s stock, valued at $260,197,941.60. This trade represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 69,370 shares of company stock valued at $112,702,503 over the last 90 days. 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.