QRG Capital Management Inc. Has $6.16 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

QRG Capital Management Inc. boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,663 shares of the semiconductor company’s stock after buying an additional 1,276 shares during the quarter. QRG Capital Management Inc.’s holdings in Monolithic Power Systems were worth $6,160,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after purchasing an additional 9,125 shares in the last quarter. Cetera Investment Advisers grew its stake in Monolithic Power Systems by 237.3% in the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after purchasing an additional 4,760 shares in the last quarter. Czech National Bank grew its stake in Monolithic Power Systems by 9.8% in the second quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock valued at $7,620,000 after purchasing an additional 824 shares in the last quarter. Acadian Asset Management LLC grew its stake in Monolithic Power Systems by 224.4% in the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after purchasing an additional 1,057 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in Monolithic Power Systems in the first quarter valued at approximately $5,161,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MPWR shares. Raymond James raised their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. TD Cowen decreased their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. 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 research note on Friday, September 27th. Needham & Company LLC reduced their target price on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, KeyCorp lifted their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $942.40.

Monolithic Power Systems Price Performance

MPWR opened at $762.97 on Wednesday. The business has a fifty day simple moving average of $890.49 and a 200 day simple moving average of $827.12. The company has a market capitalization of $37.20 billion, a PE ratio of 86.02, a price-to-earnings-growth ratio of 3.53 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1 year low of $480.43 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.36 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.66%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,790 shares of Monolithic Power Systems stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the transaction, the chief executive officer now directly owns 865,332 shares of the company’s stock, valued at $673,565,775.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 2,790 shares of Monolithic Power Systems stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the transaction, the chief executive officer now directly owns 865,332 shares of the company’s stock, valued at $673,565,775.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 728 shares of Monolithic Power Systems stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the transaction, the chief financial officer now directly owns 64,178 shares of the company’s stock, valued at $49,955,513.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,136 shares of company stock valued at $38,392,353 in the last three months. Corporate insiders own 3.70% of the company’s stock.

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.