5,914 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,914 shares of the semiconductor company’s stock, valued at approximately $8,175,000.

Other hedge funds also recently bought and sold shares of the company. Caisse de depot et placement du Quebec bought a new position in shares of Monolithic Power Systems during the second quarter worth $69,439,000. Odyssean LLC increased its position in shares of Monolithic Power Systems by 35.8% in the 2nd quarter. Odyssean LLC now owns 1,885 shares of the semiconductor company’s stock valued at $2,606,000 after buying an additional 497 shares in the last quarter. Man Group plc bought a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at $51,299,000. Jupiter Topco LLC acquired a new stake in Monolithic Power Systems during the 2nd quarter worth $9,745,000. Finally, Wedbush Fund Advisers LLC acquired a new stake in Monolithic Power Systems during the 2nd quarter worth $654,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 4.2%

Shares of NASDAQ MPWR opened at $1,256.26 on Friday. The firm has a market cap of $61.73 billion, a PE ratio of 77.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09. The company has a fifty day moving average price of $1,348.06 and a 200 day moving average price of $1,350.23.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. During the same quarter in the prior year, the company earned $4.21 EPS. The company’s revenue was up 47.6% on a year-over-year basis. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on MPWR. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. TD Cowen lifted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,731.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares in the company, valued at approximately $660,008.55. The trade was a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was 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 of the company’s stock, valued at approximately $1,503,868.86. This trade represents a 2.61% 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. Over the last quarter, insiders have sold 190 shares of company stock valued at $261,964. 3.60% of the stock is owned by corporate insiders.

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.