TimesSquare Capital Management LLC Buys New Shares in Monolithic Power Systems, Inc. $MPWR

TimesSquare Capital Management LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 110,824 shares of the semiconductor company’s stock, valued at approximately $153,199,000. Monolithic Power Systems comprises 2.3% of TimesSquare Capital Management LLC’s holdings, making the stock its 4th largest holding. TimesSquare Capital Management LLC owned 0.23% of Monolithic Power Systems at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Merit Financial Group LLC increased its position in shares of Monolithic Power Systems by 183.9% during the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after purchasing an additional 1,786 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $3,983,000. Mirabaud Asset Management Ltd acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $4,424,000. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Monolithic Power Systems by 45.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock valued at $2,219,000 after buying an additional 770 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Monolithic Power Systems by 37.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,070 shares of the semiconductor company’s stock valued at $81,636,000 after buying an additional 24,657 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction dated 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 sale, the director owned 565 shares in the company, valued at approximately $802,300. This trade represents a 8.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. The trade was a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,191 shares of company stock valued at $21,807,015 over the last three months. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MPWR shares. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, Truist Financial upped their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,705.82.

Monolithic Power Systems Trading Up 1.0%

MPWR stock opened at $1,415.99 on Tuesday. The firm has a market capitalization of $69.59 billion, a PE ratio of 86.82 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09. The business’s 50 day simple moving average is $1,391.62 and its 200 day simple moving average is $1,342.90.

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, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. During the same quarter in the prior year, the business earned $4.21 EPS. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

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.