TimesSquare Capital Management LLC Trims Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

TimesSquare Capital Management LLC cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,574 shares of the semiconductor company’s stock after selling 905 shares during the quarter. Monolithic Power Systems makes up about 1.5% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. TimesSquare Capital Management LLC owned about 0.23% of Monolithic Power Systems worth $103,150,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MPWR. GSA Capital Partners LLP grew its stake in shares of Monolithic Power Systems by 96.2% during the first quarter. GSA Capital Partners LLP now owns 732 shares of the semiconductor company’s stock valued at $496,000 after buying an additional 359 shares during the last quarter. Duality Advisers LP purchased a new stake in Monolithic Power Systems in the first quarter valued at about $263,000. Quantbot Technologies LP acquired a new stake in Monolithic Power Systems in the 1st quarter worth approximately $1,417,000. Oppenheimer & Co. Inc. raised its stake in Monolithic Power Systems by 14.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,718 shares of the semiconductor company’s stock worth $3,196,000 after acquiring an additional 610 shares during the last quarter. Finally, Swiss National Bank grew its stake in Monolithic Power Systems by 1.1% during the 1st quarter. Swiss National Bank now owns 143,500 shares of the semiconductor company’s stock valued at $97,210,000 after purchasing an additional 1,500 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

MPWR opened at $761.30 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $480.43 and a 12 month high of $959.64. The business has a 50-day moving average of $881.04 and a two-hundred day moving average of $829.10. The stock has a market capitalization of $37.14 billion, a price-to-earnings ratio of 85.83, a price-to-earnings-growth ratio of 3.74 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results 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). The firm had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the sale, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at $19,432,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares of the company’s stock, valued at $19,432,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,759 shares of company stock worth $34,985,340. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on MPWR shares. Raymond James increased their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Stifel Nicolaus boosted their price target on shares of 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. Needham & Company LLC dropped their target price on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $942.40.

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.