Clough Capital Partners L P Buys New Stake in Monolithic Power Systems, Inc. $MPWR

Clough Capital Partners L P purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,457 shares of the semiconductor company’s stock, valued at approximately $1,593,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. OMERS ADMINISTRATION Corp raised its stake in shares of Monolithic Power Systems by 110.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 4,249 shares of the semiconductor company’s stock valued at $4,646,000 after buying an additional 2,234 shares during the last quarter. Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Monolithic Power Systems in the 1st quarter valued at about $2,420,000. Wealth Alliance LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter worth about $216,000. Dai ichi Life Insurance Company Ltd boosted its stake in shares of Monolithic Power Systems by 7.1% in the first quarter. Dai ichi Life Insurance Company Ltd now owns 1,741 shares of the semiconductor company’s stock worth $1,904,000 after buying an additional 116 shares during the last quarter. Finally, Morningstar Investment Management LLC grew its holdings in Monolithic Power Systems by 343.3% during the first quarter. Morningstar Investment Management LLC now owns 2,252 shares of the semiconductor company’s stock worth $2,462,000 after acquiring an additional 1,744 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In other news, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the sale, the director directly owned 3,800 shares of the company’s stock, valued at $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total value of $40,548.30. Following the sale, the executive vice president owned 1,149 shares of the company’s stock, valued at $1,552,999.89. The trade was a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 69,370 shares of company stock worth $112,702,503 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MPWR. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,657.27.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,333.81 on Monday. The company’s 50-day simple moving average is $1,461.46 and its 200-day simple moving average is $1,304.29. Monolithic Power Systems, Inc. has a 52-week low of $704.02 and a 52-week high of $1,714.09. The firm has a market cap of $65.53 billion, a price-to-earnings ratio of 96.17 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the prior year, the firm earned $4.04 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. 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 57.68%.

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.