Hudson Bay Capital Management LP Buys Shares of 3,338 Monolithic Power Systems, Inc. $MPWR

Hudson Bay Capital Management LP purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,338 shares of the semiconductor company’s stock, valued at approximately $3,073,000.

Other large investors have also modified their holdings of the company. SJS Investment Consulting Inc. grew its position in Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Monolithic Power Systems during the third quarter valued at approximately $33,000. IFP Advisors Inc boosted its position in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Finally, Armstrong Advisory Group Inc. grew its holdings in Monolithic Power Systems by 192.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MPWR shares. Rosenblatt Securities raised their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Stifel Nicolaus raised their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. One research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 200 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the completion of the transaction, the executive vice president owned 1,299 shares in the company, valued at approximately $1,532,781.03. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Victor K. Lee sold 400 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the completion of the transaction, the director directly owned 27,756 shares in the company, valued at $33,644,712.96. This represents a 1.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 98,550 shares of company stock worth $114,256,090 in the last ninety days. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,068.85 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,256.22. The firm has a market cap of $52.50 billion, a P/E ratio of 83.90, a PEG ratio of 2.71 and a beta of 1.45. The stock has a fifty day moving average price of $1,111.40 and a two-hundred day moving average price of $1,001.81.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same quarter in the previous year, the business earned $4.09 EPS. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

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.