QRG Capital Management Inc. Boosts Stake in Monolithic Power Systems, Inc. $MPWR

QRG Capital Management Inc. increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.0% during the 4th quarter, HoldingsChannel reports. The fund owned 6,875 shares of the semiconductor company’s stock after acquiring an additional 682 shares during the quarter. QRG Capital Management Inc.’s holdings in Monolithic Power Systems were worth $6,231,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Resonant Capital Advisors LLC grew its holdings in Monolithic Power Systems by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 10 shares in the last quarter. YANKCOM Partnership increased its position in shares of Monolithic Power Systems by 6.7% in the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 11 shares during the last quarter. First National Bank of Hutchinson raised its stake in shares of Monolithic Power Systems by 1.2% in the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after purchasing an additional 11 shares in the last quarter. Cromwell Holdings LLC raised its stake in shares of Monolithic Power Systems by 9.2% in the 3rd quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 12 shares in the last quarter. Finally, Sagespring Wealth Partners LLC lifted its position in shares of Monolithic Power Systems by 2.4% during the third quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock worth $471,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday. KeyCorp boosted their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Weiss Ratings cut shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,589.00 on Wednesday. The firm has a fifty day moving average of $1,236.23 and a 200-day moving average of $1,091.50. The company has a market cap of $78.07 billion, a price-to-earnings ratio of 114.56, a price-to-earnings-growth ratio of 3.31 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1 year low of $612.95 and a 1 year high of $1,661.79.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $781.93 million. During the same period in the previous year, the business posted $4.04 EPS. Monolithic Power Systems’s revenue was up 26.1% on a year-over-year basis. Analysts predict that Monolithic Power Systems, Inc. will post 17.01 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $2.00 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.5%. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $1,116.44, for a total value of $33,493.20. Following the completion of the transaction, the executive vice president owned 1,239 shares of the company’s stock, valued at approximately $1,383,269.16. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 8,963 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $1,305.22, for a total value of $11,698,686.86. Following the transaction, the executive vice president directly owned 156,983 shares in the company, valued at $204,897,351.26. This trade represents a 5.40% decrease in their ownership of the stock. 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 134,683 shares of company stock valued at $154,749,167 in the last quarter. 3.40% of the stock is owned by insiders.

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.