Carderock Capital Management Inc. Buys 2,946 Shares of Monolithic Power Systems, Inc. $MPWR

Carderock Capital Management Inc. lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 34.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,469 shares of the semiconductor company’s stock after purchasing an additional 2,946 shares during the quarter. Monolithic Power Systems comprises about 2.5% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 12th biggest position. Carderock Capital Management Inc.’s holdings in Monolithic Power Systems were worth $10,395,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC grew its stake in shares of Monolithic Power Systems by 88.9% in the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock worth $2,016,000 after buying an additional 1,031 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the 3rd quarter worth about $1,121,000. Candriam S.C.A. raised its position in shares of Monolithic Power Systems by 6.9% during the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock valued at $79,089,000 after buying an additional 5,561 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after acquiring an additional 134,087 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Monolithic Power Systems by 66.4% in the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after acquiring an additional 178,622 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 178,625 shares in the company, valued at approximately $209,198,455. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 22,875 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president directly owned 235,932 shares of the company’s stock, valued at $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 98,550 shares of company stock worth $114,256,090 over the last quarter. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MPWR shares. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Citigroup raised their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Weiss Ratings cut Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,076.35 on Tuesday. The firm has a market capitalization of $52.87 billion, a P/E ratio of 84.49, a price-to-earnings-growth ratio of 2.71 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22. The company’s 50-day moving average is $1,113.58 and its 200 day moving average is $1,004.65.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.09 earnings per share. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 62.79%.

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.