Stevens Capital Management LP Has $1.18 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Stevens Capital Management LP grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 138.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,864 shares of the semiconductor company’s stock after acquiring an additional 1,083 shares during the quarter. Stevens Capital Management LP’s holdings in Monolithic Power Systems were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MPWR. CWM LLC grew its holdings in Monolithic Power Systems by 15.8% during the third quarter. CWM LLC now owns 676 shares of the semiconductor company’s stock worth $312,000 after buying an additional 92 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Monolithic Power Systems by 8.5% during the third quarter. AE Wealth Management LLC now owns 756 shares of the semiconductor company’s stock valued at $349,000 after purchasing an additional 59 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Monolithic Power Systems by 21.5% during the third quarter. HB Wealth Management LLC now owns 678 shares of the semiconductor company’s stock worth $313,000 after purchasing an additional 120 shares during the last quarter. Oak Thistle LLC purchased a new stake in Monolithic Power Systems in the 3rd quarter valued at about $827,000. Finally, Czech National Bank lifted its position in shares of Monolithic Power Systems by 56.6% during the 3rd quarter. Czech National Bank now owns 8,350 shares of the semiconductor company’s stock worth $3,858,000 after buying an additional 3,017 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $16.89 during mid-day trading on Friday, reaching $677.23. 402,827 shares of the company traded hands, compared to its average volume of 535,518. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15. The firm’s fifty day moving average is $683.86 and its two-hundred day moving average is $607.16. The company has a market capitalization of $32.95 billion, a price-to-earnings ratio of 75.38, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The firm had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a yield of 0.74%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now directly owns 130,744 shares in the company, valued at $89,145,181.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares in the company, valued at $51,137,143.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now directly owns 130,744 shares in the company, valued at $89,145,181.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,077 shares of company stock worth $30,357,479. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. TD Cowen upped their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Needham & Company LLC boosted their target price on Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. KeyCorp increased their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, Oppenheimer boosted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $670.30.

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.