Night Squared LP Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Night Squared LP bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,707 shares of the semiconductor company’s stock, valued at approximately $2,454,000.

A number of other hedge funds have also added to or reduced their stakes in MPWR. Norges Bank bought a new stake in Monolithic Power Systems in the fourth quarter worth approximately $658,656,000. SG Americas Securities LLC increased its holdings in Monolithic Power Systems by 77,483.1% in the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares in the last quarter. First Trust Advisors LP grew its stake in Monolithic Power Systems by 56.6% in the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after acquiring an additional 253,653 shares during the period. Barclays PLC grew its stake in Monolithic Power Systems by 67.0% in the fourth quarter. Barclays PLC now owns 604,802 shares of the semiconductor company’s stock valued at $548,168,000 after acquiring an additional 242,740 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in Monolithic Power Systems by 36.1% in the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after acquiring an additional 140,269 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Needham & Company LLC raised their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp raised their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Stock Down 9.3%

Shares of NASDAQ:MPWR opened at $1,498.77 on Wednesday. The stock has a market cap of $73.63 billion, a price-to-earnings ratio of 108.06, a PEG ratio of 2.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12-month low of $671.18 and a 12-month high of $1,714.09. The business’s 50 day moving average is $1,528.55 and its 200 day moving average is $1,219.57.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.Monolithic Power Systems’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.04 earnings per share. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. Monolithic Power Systems’s payout ratio is presently 57.68%.

Insider Activity at Monolithic Power Systems

In related news, EVP Saria Tseng sold 25,674 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the transaction, the executive vice president owned 174,982 shares of the company’s stock, valued at $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares in the company, valued at approximately $260,197,941.60. The trade was a 6.72% 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. Insiders have sold 113,073 shares of company stock valued at $160,875,958 over the last 90 days. Corporate 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.