Holocene Advisors LP Purchases New Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Holocene Advisors LP acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 58,627 shares of the semiconductor company's stock, valued at approximately $54,201,000. Holocene Advisors LP owned approximately 0.12% of Monolithic Power Systems as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MPWR. FMR LLC raised its stake in shares of Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after buying an additional 361,416 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Monolithic Power Systems by 311.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company's stock worth $153,319,000 after acquiring an additional 141,277 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Monolithic Power Systems by 1,947.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company's stock worth $117,826,000 after acquiring an additional 136,391 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Monolithic Power Systems by 92,842.9% in the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company's stock worth $114,281,000 after acquiring an additional 123,481 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Monolithic Power Systems by 14,315.6% in the 3rd quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company's stock worth $94,223,000 after acquiring an additional 101,211 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now owns 103,829 shares of the company's stock, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,600 shares of company stock valued at $15,653,021 over the last quarter. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

MPWR traded up $0.80 during trading on Tuesday, reaching $581.15. 375,564 shares of the stock traded hands, compared to its average volume of 614,884. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of 65.43, a price-to-earnings-growth ratio of 2.70 and a beta of 1.05. Monolithic Power Systems, Inc. has a fifty-two week low of $545.92 and a fifty-two week high of $959.64. The stock's 50-day simple moving average is $788.95 and its two-hundred day simple moving average is $817.46.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.86%. Monolithic Power Systems's dividend payout ratio is currently 56.37%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Truist Financial restated a "buy" rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 target price on the stock in a report on Monday, November 18th. Wells Fargo & Company assumed coverage on Monolithic Power Systems in a report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 price target on the stock. Finally, Needham & Company LLC lowered their price target on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $840.36.

Monolithic Power Systems Profile

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.