Advisors Asset Management Inc. Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Advisors Asset Management Inc. lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,126 shares of the semiconductor company's stock after buying an additional 1,174 shares during the quarter. Advisors Asset Management Inc.'s holdings in Monolithic Power Systems were worth $8,437,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MPWR. Acadian Asset Management LLC grew its position in shares of Monolithic Power Systems by 224.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company's stock worth $1,034,000 after buying an additional 1,057 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Monolithic Power Systems by 52.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,629 shares of the semiconductor company's stock worth $1,104,000 after purchasing an additional 561 shares in the last quarter. Natixis lifted its stake in Monolithic Power Systems by 169.1% in the 1st quarter. Natixis now owns 8,853 shares of the semiconductor company's stock valued at $5,997,000 after purchasing an additional 5,563 shares during the last quarter. MQS Management LLC acquired a new stake in Monolithic Power Systems during the 1st quarter valued at $335,000. Finally, CreativeOne Wealth LLC raised its holdings in Monolithic Power Systems by 261.2% in the 1st quarter. CreativeOne Wealth LLC now owns 1,712 shares of the semiconductor company's stock valued at $1,159,000 after acquiring an additional 1,238 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Truist Financial reiterated a "buy" rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Oppenheimer reiterated an "outperform" rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. KeyCorp lowered their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating on the stock in a research note on Monday. Needham & Company LLC reiterated a "buy" rating and set a $950.00 target price on shares of Monolithic Power Systems in a research report on Tuesday, November 12th. 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 research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $882.64.

Monolithic Power Systems Trading Down 1.1 %

MPWR stock traded down $5.99 during mid-day trading on Thursday, reaching $554.07. The company's stock had a trading volume of 148,406 shares, compared to its average volume of 600,723. Monolithic Power Systems, Inc. has a 12 month low of $538.00 and a 12 month high of $959.64. The business's 50 day moving average price is $839.56 and its 200 day moving average price is $824.73. The company has a market cap of $27.03 billion, a price-to-earnings ratio of 63.14, a price-to-earnings-growth ratio of 2.79 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted 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 business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 0.90%. Monolithic Power Systems's payout ratio is 56.37%.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the transaction, the chief financial officer now directly owns 61,678 shares of the company's stock, valued at $55,769,247.60. This represents a 3.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. This trade represents a 31.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,359 shares of company stock worth $26,709,571 over the last quarter. Insiders own 3.70% of the company's stock.

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.