Monolithic Power Systems, Inc. (NASDAQ:MPWR) is Pembroke Management LTD’s 3rd Largest Position

Pembroke Management LTD reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,496 shares of the semiconductor company’s stock after selling 10,332 shares during the period. Monolithic Power Systems makes up 4.7% of Pembroke Management LTD’s portfolio, making the stock its 3rd largest holding. Pembroke Management LTD’s holdings in Monolithic Power Systems were worth $34,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $25,000. RiverPark Advisors LLC purchased a new position in shares of Monolithic Power Systems during the 1st quarter worth about $27,000. Atwood & Palmer Inc. bought a new stake in Monolithic Power Systems during the 2nd quarter valued at about $33,000. Crewe Advisors LLC lifted its holdings in Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Monolithic Power Systems during the 1st quarter valued at about $31,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Up 0.4 %

Shares of NASDAQ MPWR traded up $4.07 during trading hours on Monday, hitting $934.68. 520,100 shares of the stock were exchanged, compared to its average volume of 533,593. The company has a market cap of $45.57 billion, a PE ratio of 111.40, a PEG ratio of 4.32 and a beta of 1.11. The firm has a fifty day moving average price of $850.14 and a 200-day moving average price of $761.50. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping the consensus estimate of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. Monolithic Power Systems’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 EPS. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Raymond James boosted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $912.30.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the sale, the executive vice president now owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Michael Hsing sold 2,672 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $804.57, for a total value of $2,149,811.04. Following the completion of the transaction, the chief executive officer now directly owns 877,736 shares in the company, valued at approximately $706,200,053.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares of the company’s stock, valued at $19,432,250. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,799 shares of company stock valued at $80,880,433. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.