GSA Capital Partners LLP Acquires Shares of 385 Monolithic Power Systems, Inc. $MPWR

GSA Capital Partners LLP acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, Holdings Channel.com reports. The firm acquired 385 shares of the semiconductor company’s stock, valued at approximately $532,000.

Other large investors have also made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd grew its stake in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the period. Sunbelt Securities Inc. increased its holdings in Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 28 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth $38,000. Finally, Essential Partners LLC raised its position in Monolithic Power Systems by 30.3% during the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 10 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 0.8%

Monolithic Power Systems stock opened at $1,310.60 on Friday. The company has a fifty day simple moving average of $1,378.60 and a 200-day simple moving average of $1,346.25. The firm has a market capitalization of $64.41 billion, a price-to-earnings ratio of 80.36 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly 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. The firm had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period last year, the firm posted $4.21 earnings per share. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS 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. Shareholders of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent analyst reports. KeyCorp increased their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Rosenblatt Securities reiterated a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems 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 note on Monday. Finally, Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Jeff Zhou sold 486 shares of the business’s 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 transaction of $816,480.00. Following the transaction, the director directly owned 3,800 shares in the company, valued at $6,384,000. The trade was a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the transaction, the director owned 565 shares in the company, valued at approximately $802,300. This represents a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,191 shares of company stock valued at $13,874,865. Company insiders own 3.60% of the company’s stock.

About Monolithic Power Systems

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.