Polymer Capital Management HK LTD Takes $3.76 Million Position in Monolithic Power Systems, Inc. $MPWR

Polymer Capital Management HK LTD purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 2,720 shares of the semiconductor company’s stock, valued at approximately $3,760,000.

Several other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $52,206,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $6,407,000. Globeflex Capital L P purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter worth $375,000. Bank of Nova Scotia purchased a new stake in Monolithic Power Systems in the second quarter worth about $41,124,000. Finally, Compass Financial Management LLC bought a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $218,000. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MPWR. KeyCorp raised their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. TD Cowen upped their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,731.42.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the sale, the director directly owned 3,800 shares in the company, valued at $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 8,191 shares of company stock worth $13,874,865. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,316.28 on Monday. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The stock has a market capitalization of $64.69 billion, a price-to-earnings ratio of 80.70 and a beta of 1.69. The stock has a 50 day moving average price of $1,373.38 and a 200 day moving average price of $1,347.25.

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

Monolithic Power Systems Dividend Announcement

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

Monolithic Power Systems Company 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.