TimesSquare Capital Management LLC Has $68.35 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

TimesSquare Capital Management LLC lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.2% during the 1st quarter, Holdings Channel reports. The firm owned 100,904 shares of the semiconductor company’s stock after selling 6,620 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Monolithic Power Systems were worth $68,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RiverPark Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 1st quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems in the 1st quarter valued at $31,000. Arlington Trust Co LLC boosted its stake in shares of Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $43,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other news, EVP Deming Xiao sold 1,300 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the completion of the sale, the executive vice president now directly owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 10,999 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $843.83, for a total transaction of $9,281,286.17. Following the completion of the transaction, the executive vice president now owns 118,876 shares of the company’s stock, valued at approximately $100,311,135.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Deming Xiao sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the transaction, the executive vice president now directly owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. The disclosure for this sale can be found here. Insiders sold a total of 81,310 shares of company stock valued at $63,163,317 in the last ninety days. 3.20% of the stock is owned by insiders.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR traded up $24.72 on Friday, hitting $855.67. 513,200 shares of the stock were exchanged, compared to its average volume of 424,998. The stock has a market capitalization of $41.65 billion, a price-to-earnings ratio of 101.99, a P/E/G ratio of 4.15 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $876.65. The company’s 50-day moving average price is $781.62 and its 200 day moving average price is $704.36.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $1.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.58%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MPWR shares. Truist Financial upped their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. KeyCorp upped their price target on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday. Oppenheimer upped their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $806.13.

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.