Cavalry Management Group LLC Buys New Holdings in Monolithic Power Systems, Inc. (MPWR)
Cavalry Management Group LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 187,186 shares of the semiconductor company’s stock, valued at approximately $21,750,000. Monolithic Power Systems makes up approximately 5.1% of Cavalry Management Group LLC’s portfolio, making the stock its 10th biggest holding. Cavalry Management Group LLC owned 0.44% of Monolithic Power Systems at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its stake in shares of Monolithic Power Systems by 81.3% in the fourth quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 139 shares during the last quarter. Cutler Group LP purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth $58,000. Valeo Financial Advisors LLC raised its stake in shares of Monolithic Power Systems by 553.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 437 shares during the last quarter. TLP Group LLC purchased a new position in shares of Monolithic Power Systems in the third quarter worth $145,000. Finally, Paradigm Asset Management Co. LLC purchased a new position in shares of Monolithic Power Systems in the third quarter worth $157,000. 99.50% of the stock is currently owned by institutional investors and hedge funds.
Monolithic Power Systems stock opened at $141.10 on Friday. The firm has a market cap of $5.92 billion, a P/E ratio of 59.04, a PEG ratio of 1.92 and a beta of 1.43. Monolithic Power Systems, Inc. has a one year low of $101.99 and a one year high of $152.21.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, March 28th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.30. Monolithic Power Systems’s dividend payout ratio is 50.21%.
Several research firms have recently weighed in on MPWR. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Deutsche Bank boosted their price target on Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Monolithic Power Systems in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Monolithic Power Systems currently has a consensus rating of “Buy” and an average target price of $148.88.
In related news, CEO Michael Hsing sold 75,241 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $136.26, for a total transaction of $10,252,338.66. Following the completion of the sale, the chief executive officer now owns 1,202,378 shares in the company, valued at $163,836,026.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Deming Xiao sold 13,979 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $138.74, for a total value of $1,939,446.46. Following the sale, the insider now owns 367,835 shares of the company’s stock, valued at approximately $51,033,427.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 324,111 shares of company stock valued at $43,107,436. 4.00% of the stock is owned by company insiders.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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