Cerity Partners LLC Purchases 1,474 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cerity Partners LLC increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 47.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,551 shares of the semiconductor company's stock after purchasing an additional 1,474 shares during the period. Cerity Partners LLC's holdings in Monolithic Power Systems were worth $4,207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MPWR. Dynamic Advisor Solutions LLC boosted its position in shares of Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company's stock worth $268,000 after purchasing an additional 12 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company's stock worth $731,000 after buying an additional 12 shares during the period. Outlook Wealth Advisors LLC lifted its holdings in Monolithic Power Systems by 2.5% during the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock worth $461,000 after acquiring an additional 12 shares in the last quarter. Greenleaf Trust lifted its holdings in Monolithic Power Systems by 1.5% during the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company's stock worth $905,000 after acquiring an additional 14 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its stake in Monolithic Power Systems by 4.8% in the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company's stock valued at $285,000 after acquiring an additional 14 shares during the period. Institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

MPWR has been the subject of several research analyst reports. Needham & Company LLC decreased their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Raymond James upped their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Loop Capital upgraded shares of Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price objective on the stock in a report on Monday, November 18th. Truist Financial reaffirmed a "buy" rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company started coverage on Monolithic Power Systems in a report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus target price of $840.36.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now directly owns 103,829 shares of the company's stock, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 866 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares of the company's stock, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,100 shares of company stock worth $17,913,521. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Trading Up 1.3 %

Shares of Monolithic Power Systems stock traded up $7.40 during trading hours on Friday, reaching $567.64. 595,268 shares of the company's stock were exchanged, compared to its average volume of 615,154. The stock has a market cap of $27.69 billion, a P/E ratio of 64.00, a P/E/G ratio of 2.67 and a beta of 1.15. The company has a 50 day moving average of $795.21 and a two-hundred day moving average of $817.23. Monolithic Power Systems, Inc. has a fifty-two week low of $542.73 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million for 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, analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.88%. Monolithic Power Systems's dividend payout ratio is presently 56.37%.

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.