CTC Alternative Strategies Ltd. Purchases New Stake in Monolithic Power Systems, Inc. $MPWR

CTC Alternative Strategies Ltd. acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 530 shares of the semiconductor company’s stock, valued at approximately $733,000. Monolithic Power Systems accounts for approximately 1.1% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 20th biggest position.

A number of other large investors also recently added to or reduced their stakes in MPWR. BlackRock Inc. bought a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $7,727,289,000. Corient Private Wealth LLC boosted its stake in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after acquiring an additional 1,993,576 shares during the last quarter. Norges Bank acquired a new stake in Monolithic Power Systems during the 4th quarter worth $658,656,000. Bank of America Corp DE acquired a new stake in Monolithic Power Systems during the 2nd quarter worth $741,271,000. Finally, Legal & General Group Plc bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at $497,561,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

MPWR opened at $1,256.26 on Monday. The stock has a market cap of $61.73 billion, a P/E ratio of 77.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The company has a fifty day simple moving average of $1,348.06 and a 200 day simple moving average of $1,351.24.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $903.30 million. During the same period in the previous year, the company posted $4.21 earnings per share. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on MPWR shares. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the company a “buy” rating in a research note on Thursday, August 20th. Needham & Company LLC raised their target price on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Finally, Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $1,731.42.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the 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 transaction of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm’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 transaction of $64,078.50. Following the sale, the director owned 515 shares in the company, valued at $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160 shares of company stock valued at $215,945 over the last quarter. 3.60% of the stock is owned by 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.