4. Monolithic Power Systems, Inc. (NASDAQ:MPWR)
Cavalry Asset Management’s Stake Value: $72,412,000
Percentage of Cavalry Asset Management’s 13F Portfolio: 5.52%
Number of Hedge Fund Holders: 29
Monolithic Power Systems, Inc. (NASDAQ:MPWR) designs, develops and distributes integrated power semiconductor systems and power delivery architectures. Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s revenue has increased at a CAGR of 23% over the previous five years, owing to its increasing and highly in-demand power product line. Cowen analyst Matthew Ramsay boosted his price objective on Monolithic Power Systems, Inc. (NASDAQ:MPWR) to $600 from $550 on August 2 and maintained an ‘Outperform’ rating on the stock.
Securities filings reveal that Cavalry Asset Management boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 139% during the first quarter of 2022. The fund thus owns 149,095 shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR), worth over $72.41 million, and representing 5.52% of the value of its 13F portfolio.
29 hedge funds tracked by Insider Monkey reported having bullish bets on Monolithic Power Systems, Inc. (NASDAQ:MPWR) as of the end of the first quarter of 2022, with an aggregate worth of $1.19 billion. Whale Rock Capital Management, with a position worth $369 million, stood as the most significant shareholder of Monolithic Power Systems, Inc. (NASDAQ:MPWR).
In its Q3 2021 investor letter, Alger, an investment management firm, mentioned Monolithic Power Systems, Inc. (NASDAQ:MPWR) and discussed its stance on the firm. Here is what the fund said:
“Monolithic Power Systems, Inc. was among the top contributors to performance. Monolithic Power Systems is a semiconductor company that designs, develops and markets high-performance power solutions. Its core strengths include deep system-level applications knowledge, strong analog design expertise and innovative proprietary process technologies, which enable the company to deliver highly integrated products that are energy efficient, cost effective and easy to use. Monolithic serves the consumer, computing and storage, industrial, automotive and communications end markets. Its strong process technology and use of partners to produce silicon wafers is a unique combination that provides the company with an unencumbered ability to innovate and offer nimble yet scaled manufacturing. Shares of Monolithic outperformed after the company said it produced very strong second quarter results and provided third quarter guidance that exceeded consensus expectations. Monolithic’s revenue growth accelerated in an environment in which most analog and broader semiconductor peers have struggled with industry-wide supply constraints. The company is benefiting from its continuous investments in capacity and its ability to carry inventories during previous times of weak demand. The results also underscore the success the company is having with winning contracts to provide sockets, which connect computer motherboards to CPUs. We believe the results increased investor confidence that the company can sustain this strong revenue growth, which is well above the industry average, over the next one to two years.”
