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

Carderock Capital Management Inc. increased its stake 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 accounts for 2.5% of Carderock Capital Management Inc.’s portfolio, making the stock its 12th largest position. Carderock Capital Management Inc.’s holdings in Monolithic Power Systems were worth $10,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Monolithic Power Systems in the second quarter worth approximately $438,014,000. SG Americas Securities LLC boosted its stake in shares of Monolithic Power Systems by 77,483.1% during the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after acquiring an additional 261,893 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares during the period. Rakuten Investment Management Inc. bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $197,260,000. Finally, First Trust Advisors LP increased its stake 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 worth $412,263,000 after purchasing an additional 178,622 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,076.35 on Tuesday. The company has a market capitalization of $52.87 billion, a P/E ratio of 84.49, a P/E/G ratio of 2.71 and a beta of 1.45. The company has a fifty day moving average of $1,113.58 and a 200 day moving average of $1,004.65. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating 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 business had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. During the same period last year, the firm earned $4.09 earnings per share. The business’s quarterly revenue was up 20.8% on a year-over-year basis. Analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Needham & Company LLC lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Truist Financial upped their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Finally, Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $1,218.42.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the completion of the transaction, the chief financial officer directly owned 82,353 shares in the company, valued at $96,448,539.48. This represents a 20.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deming Xiao sold 22,875 shares of the stock in a transaction that occurred 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 approximately $276,314,121.12. This trade 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 in the last three months. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Company Profile

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.