Monolithic Power Systems, Inc. $MPWR Stock: Point Nemo Capital LLC Grows Holdings

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

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Monolithic Power Systems in the 2nd quarter worth about $7,727,289,000. State Street Corp boosted its holdings in Monolithic Power Systems by 4.3% in the 2nd quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock valued at $3,159,219,000 after purchasing an additional 93,732 shares during the period. Van ECK Associates Corp grew its position in shares of Monolithic Power Systems by 42.3% during the 2nd quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock worth $1,031,568,000 after purchasing an additional 221,666 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $741,271,000. Finally, Royal Bank of Canada increased its holdings in shares of Monolithic Power Systems by 168.1% during the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after purchasing an additional 296,788 shares during the period. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MPWR. Needham & Company LLC reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 30th. Truist Financial boosted their price target on Monolithic Power Systems from $1,889.00 to $1,906.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 30th. Finally, Arete Research assumed coverage on Monolithic Power Systems in a research note on Thursday, August 20th. They set a “buy” rating and a $2,013.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus target price of $1,783.77.

Monolithic Power Systems Stock Up 5.2%

MPWR stock opened at $1,190.44 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $833.18 and a 52 week high of $1,714.09. The business has a 50-day simple moving average of $1,267.39 and a 200 day simple moving average of $1,315.87. The company has a market cap of $58.06 billion, a PE ratio of 65.73 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.79 by $0.40. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. Monolithic Power Systems had a net margin of 23.85% and a return on equity of 25.23%. The business’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.73 earnings per share. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 23.72 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $2.00 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is presently 44.17%.

Monolithic Power Systems Company 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.