Jupiter Topco LLC Acquires New Shares in Monolithic Power Systems, Inc. $MPWR

by · The Markets Daily

Jupiter Topco LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 7,056 shares of the semiconductor company’s stock, valued at approximately $9,745,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Fideuram Asset Management Ireland dac purchased a new stake in Monolithic Power Systems during the fourth quarter valued at $3,983,000. Mirabaud Asset Management Ltd bought a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $4,424,000. Baker Avenue Asset Management LP grew its position in Monolithic Power Systems by 436.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock valued at $2,884,000 after buying an additional 2,589 shares during the period. Norges Bank purchased a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $658,656,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $1,283,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 160 shares of company stock worth $215,945. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR opened at $1,256.26 on Monday. The stock has a market cap of $61.73 billion, a price-to-earnings ratio of 77.02 and a beta of 1.69. The firm’s fifty day moving average is $1,348.06 and its 200 day moving average is $1,351.24. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.Monolithic Power Systems’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.21 EPS. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.05%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several analyst reports. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the company a “buy” rating in a research report on Thursday, August 20th. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,731.42.

Get Our Latest Analysis on MPWR

Monolithic Power Systems Profile

(Free Report)

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.

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