110,824 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 110,824 shares of the semiconductor company’s stock, valued at approximately $153,199,000. Monolithic Power Systems makes up about 2.3% of TimesSquare Capital Management LLC’s holdings, making the stock its 4th biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Monolithic Power Systems in the second quarter valued at about $182,560,000. Beverly Hills Private Wealth LLC acquired a new stake in Monolithic Power Systems in the 2nd quarter worth about $224,000. OneDigital Investment Advisors LLC bought a new stake in Monolithic Power Systems in the 2nd quarter valued at about $518,000. Plato Investment Management Ltd acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $1,638,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $64,000. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp upped their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,705.82.

Monolithic Power Systems Trading Up 1.0%

Shares of Monolithic Power Systems stock opened at $1,415.99 on Tuesday. The company has a 50 day moving average of $1,391.62 and a 200-day moving average of $1,342.90. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09. The company has a market cap of $69.59 billion, a PE ratio of 86.82 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter last year, the business posted $4.21 EPS. Research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

Insiders Place Their Bets

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 565 shares of the company’s stock, valued at $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 13,191 shares of company stock worth $21,807,015. 3.60% of the stock is owned by company 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.