Polymer Capital Management HK LTD Buys Shares of 2,720 Monolithic Power Systems, Inc. $MPWR

Polymer Capital Management HK LTD bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,720 shares of the semiconductor company’s stock, valued at approximately $3,760,000.

A number of other large investors have also made changes to their positions in the company. IFP Advisors Inc increased 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 purchasing an additional 24 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the last quarter. Danske Bank A S bought a new stake in Monolithic Power Systems during the second quarter valued at approximately $36,000. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $38,000. Finally, Sunbelt Securities Inc. increased its holdings in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 28 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

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

Monolithic Power Systems (NASDAQ:MPWR) last issued its 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 company had revenue of $980.64 million during 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%. Monolithic Power Systems’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.21 EPS. Equities research analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the completion of the transaction, the director directly owned 565 shares of the company’s stock, valued at approximately $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares in the company, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 8,191 shares of company stock valued at $13,874,865. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent research reports. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Truist Financial lifted their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. 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. Finally, Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued 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 target price of $1,731.42.

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.