Barclays PLC Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Barclays PLC increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 322,115 shares of the semiconductor company's stock after buying an additional 15,350 shares during the period. Barclays PLC owned about 0.66% of Monolithic Power Systems worth $297,799,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Dynamic Advisor Solutions LLC increased its stake in shares of Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company's stock worth $268,000 after acquiring an additional 12 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Monolithic Power Systems by 59.5% in the second quarter. Sequoia Financial Advisors LLC now owns 603 shares of the semiconductor company's stock worth $496,000 after buying an additional 225 shares during the last quarter. Wedmont Private Capital raised its position in Monolithic Power Systems by 9.3% during the second quarter. Wedmont Private Capital now owns 670 shares of the semiconductor company's stock valued at $573,000 after acquiring an additional 57 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Monolithic Power Systems by 22.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,273 shares of the semiconductor company's stock valued at $2,690,000 after acquiring an additional 592 shares during the period. Finally, 180 Wealth Advisors LLC purchased a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $248,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MPWR shares. Oppenheimer reaffirmed an "outperform" rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday, November 11th. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Truist Financial reiterated a "buy" rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price objective for the company in a research report on Monday, November 18th. Finally, Needham & Company LLC decreased their target price on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $840.36.

Monolithic Power Systems Stock Down 2.4 %

Shares of Monolithic Power Systems stock traded down $14.35 on Tuesday, hitting $595.32. 941,727 shares of the company were exchanged, compared to its average volume of 620,190. The company has a 50-day moving average price of $749.35 and a 200 day moving average price of $810.61. The stock has a market capitalization of $29.04 billion, a price-to-earnings ratio of 67.12, a price-to-earnings-growth ratio of 2.81 and a beta of 1.05. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.84%. Monolithic Power Systems's payout ratio is 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 734 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares in the company, valued at approximately $42,805,551.60. This represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares of the company's stock, valued at $96,518,400.11. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,600 shares of company stock worth $15,653,021 over the last quarter. 3.70% of the stock is currently owned by company insiders.

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.