FNY Investment Advisers LLC Invests $9.52 Million in Monolithic Power Systems, Inc. $MPWR

FNY Investment Advisers LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,500 shares of the semiconductor company’s stock, valued at approximately $9,516,000. Monolithic Power Systems makes up 2.7% of FNY Investment Advisers LLC’s holdings, making the stock its 6th largest position.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings downgraded shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Rosenblatt Securities upped their target price 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. Finally, Citigroup raised their target price on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Trading Down 0.1%

MPWR stock opened at $1,118.49 on Friday. The firm has a 50-day moving average price of $1,122.31 and a 200-day moving average price of $1,015.33. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,256.22. The stock has a market capitalization of $54.94 billion, a P/E ratio of 87.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.48.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly 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 company had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.09 EPS. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

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

Insider Activity at Monolithic Power Systems

In other news, Director Victor K. Lee sold 400 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the transaction, the director directly owned 27,756 shares in the company, valued at approximately $33,644,712.96. This represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 21,725 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the sale, the chief financial officer directly owned 82,353 shares in the company, valued at approximately $96,448,539.48. This trade represents a 20.87% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 119,654 shares of company stock valued at $135,900,873. 3.40% of the stock is owned by company insiders.

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.