Whale Rock Capital Management LLC Buys 102,380 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Whale Rock Capital Management LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 104.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 200,490 shares of the semiconductor company's stock after acquiring an additional 102,380 shares during the period. Monolithic Power Systems makes up about 2.6% of Whale Rock Capital Management LLC's holdings, making the stock its 16th biggest position. Whale Rock Capital Management LLC owned 0.41% of Monolithic Power Systems worth $185,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Advisor Solutions LLC lifted its position in Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company's stock valued at $268,000 after purchasing an additional 12 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company's stock worth $731,000 after acquiring an additional 12 shares during the last quarter. Outlook Wealth Advisors LLC grew its position in Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock worth $461,000 after acquiring an additional 12 shares in the last quarter. Greenleaf Trust increased its stake in Monolithic Power Systems by 1.5% in the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company's stock valued at $905,000 after acquiring an additional 14 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in Monolithic Power Systems by 4.8% during the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company's stock valued at $285,000 after purchasing an additional 14 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the transaction, the chief financial officer now directly owns 59,178 shares of the company's stock, valued at approximately $53,754,928.08. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,600 shares of company stock valued at $15,653,021. Corporate insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MPWR. Stifel Nicolaus increased 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 report on Friday, September 27th. Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They set an "equal weight" rating and a $610.00 price target on the stock. Needham & Company LLC lowered their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a report on Friday, November 22nd. Truist Financial reaffirmed a "buy" rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, KeyCorp lowered their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $840.36.

Monolithic Power Systems Stock Up 2.7 %

Shares of Monolithic Power Systems stock traded up $15.48 during trading on Friday, reaching $587.80. 528,198 shares of the stock were exchanged, compared to its average volume of 616,090. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The firm has a market cap of $28.67 billion, a price-to-earnings ratio of 64.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The stock's fifty day moving average is $768.28 and its 200 day moving average is $813.09.

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

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems's dividend payout ratio is 56.37%.

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.