Maverick Capital Ltd. Buys 11,736 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Maverick Capital Ltd. boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 118.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,674 shares of the semiconductor company’s stock after acquiring an additional 11,736 shares during the period. Maverick Capital Ltd.’s holdings in Monolithic Power Systems were worth $3,630,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MPWR. Signaturefd LLC boosted its holdings in shares of Monolithic Power Systems by 35.6% during the 1st quarter. Signaturefd LLC now owns 297 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 78 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Monolithic Power Systems by 558.7% during the fourth quarter. Meeder Asset Management Inc. now owns 303 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 257 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Monolithic Power Systems in the first quarter worth about $56,000. Sowell Financial Services LLC boosted its holdings in Monolithic Power Systems by 938.9% in the fourth quarter. Sowell Financial Services LLC now owns 374 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 338 shares in the last quarter. Finally, Squar Milner Financial Services LLC boosted its holdings in Monolithic Power Systems by 18.6% in the first quarter. Squar Milner Financial Services LLC now owns 638 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 920 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $162.58, for a total transaction of $149,573.60. Following the transaction, the chief financial officer now owns 144,691 shares of the company’s stock, valued at $23,523,862.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deming Xiao sold 4,380 shares of Monolithic Power Systems stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $162.58, for a total value of $712,100.40. Following the completion of the sale, the insider now owns 351,573 shares in the company, valued at approximately $57,158,738.34. The disclosure for this sale can be found here. Insiders sold 192,242 shares of company stock worth $36,027,999 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

MPWR stock traded down $1.77 during trading on Wednesday, hitting $224.67. 2,504 shares of the company traded hands, compared to its average volume of 352,093. The stock’s 50-day simple moving average is $211.79 and its 200 day simple moving average is $183.15. The company has a market cap of $10.14 billion, a PE ratio of 87.76, a P/E/G ratio of 3.38 and a beta of 1.23. Monolithic Power Systems, Inc. has a 1 year low of $124.18 and a 1 year high of $238.94.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.94 by $0.01. Monolithic Power Systems had a return on equity of 14.87% and a net margin of 18.15%. The company had revenue of $165.78 million for the quarter, compared to analyst estimates of $161.15 million. During the same period last year, the company earned $0.84 earnings per share. Monolithic Power Systems’s quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts predict that Monolithic Power Systems, Inc. will post 2.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.89%. The ex-dividend date is Monday, June 29th. Monolithic Power Systems’s payout ratio is currently 79.05%.

Several equities research analysts have weighed in on the company. Loop Capital lowered their price target on Monolithic Power Systems from $210.00 to $195.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Raymond James raised their price target on Monolithic Power Systems from $190.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Rosenblatt Securities raised their price target on Monolithic Power Systems from $200.00 to $270.00 and gave the stock a “buy” rating in a report on Sunday. Needham & Company LLC raised their price objective on Monolithic Power Systems from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, SunTrust Banks raised their price objective on Monolithic Power Systems from $188.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $215.00.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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