NZS Capital LLC Purchases New Position in Monolithic Power Systems, Inc. $MPWR

NZS Capital LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, HoldingsChannel reports. The fund acquired 26,000 shares of the semiconductor company’s stock, valued at approximately $23,937,000.

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. boosted its holdings in Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after buying an additional 27 shares in the last quarter. True Wealth Design LLC raised its position in shares of Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Monolithic Power Systems in the third quarter worth about $33,000. Armstrong Advisory Group Inc. boosted its stake in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 27 shares in the last quarter. Finally, NewSquare Capital LLC grew its position in shares of Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 19 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Truist Financial lifted their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Needham & Company LLC increased their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Weiss Ratings lowered shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $1,218.42.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,074.37 on Wednesday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22. The stock’s fifty day moving average is $1,080.12 and its two-hundred day moving average is $982.37. The firm has a market capitalization of $52.77 billion, a P/E ratio of 84.33, a PEG ratio of 2.89 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. The business had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same period in the prior year, the business earned $4.09 earnings per share. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares in the company, valued at $276,314,121.12. The trade was a 8.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the transaction, the chief financial officer directly owned 82,353 shares in the company, valued at approximately $96,448,539.48. The trade was a 20.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 98,550 shares of company stock valued at $114,256,090 in the last three months. Company insiders own 3.40% 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.