Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 36.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,360 shares of the semiconductor company’s stock after purchasing an additional 22,699 shares during the period. AQR Capital Management LLC owned 0.17% of Monolithic Power Systems worth $69,317,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC boosted its position in shares of Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 12 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 12 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Monolithic Power Systems by 2.8% in the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after purchasing an additional 15 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Monolithic Power Systems by 4.7% in the second quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock valued at $287,000 after purchasing an additional 15 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Monolithic Power Systems by 2.0% during the 1st quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock worth $541,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Raymond James increased their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Truist Financial lifted their target price on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Buy” and an average target price of $952.30.

Insider Buying and Selling

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,672 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $804.57, for a total value of $2,149,811.04. Following the completion of the sale, the chief executive officer now owns 877,736 shares of the company’s stock, valued at $706,200,053.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Monolithic Power Systems news, EVP Saria Tseng sold 37,093 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the transaction, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Hsing sold 2,672 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the sale, the chief executive officer now owns 877,736 shares of the company’s stock, valued at $706,200,053.52. The disclosure for this sale can be found here. Insiders have sold 97,299 shares of company stock valued at $82,320,473 over the last quarter. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $924.99 on Friday. The firm has a market cap of $45.03 billion, a price-to-earnings ratio of 110.25, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64. The firm’s fifty day moving average price is $869.22 and its 200 day moving average price is $782.65.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 earnings per share. As a group, analysts expect that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.54%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

About Monolithic Power Systems

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.