Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 707 shares of the semiconductor company’s stock after acquiring an additional 47 shares during the period. V Square Quantitative Management LLC’s holdings in Monolithic Power Systems were worth $654,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $25,000. RiverPark Advisors LLC acquired a new stake in Monolithic Power Systems during the first quarter valued at approximately $27,000. NBC Securities Inc. lifted its stake in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. OFI Invest Asset Management bought a new stake in Monolithic Power Systems during the first quarter worth approximately $31,000. Finally, Wolff Wiese Magana LLC grew its position in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $916.29 on Friday. The business’s 50-day moving average is $902.98 and its 200-day moving average is $807.88. The company has a market capitalization of $44.60 billion, a price-to-earnings ratio of 109.21, a P/E/G ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the prior year, the firm earned $2.05 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MPWR shares. Needham & Company LLC increased their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Raymond James upped their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Truist Financial reissued a “buy” rating and issued a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Rosenblatt Securities upped their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $959.90.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $668,637.01. Following the completion of the sale, the executive vice president now directly owns 202,354 shares in the company, valued at $157,510,330.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 9,614 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $7,994,810.12. Following the transaction, the chief executive officer now directly owns 868,122 shares of the company’s stock, valued at $721,912,892.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the transaction, the executive vice president now owns 202,354 shares in the company, valued at approximately $157,510,330.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,535 shares of company stock valued at $51,396,728 in the last three months. Insiders own 3.20% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.