Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 40.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,634 shares of the semiconductor company's stock after acquiring an additional 2,483 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Monolithic Power Systems were worth $7,982,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its stake in Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company's stock valued at $268,000 after purchasing an additional 12 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company's stock worth $731,000 after purchasing an additional 12 shares during the period. Outlook Wealth Advisors LLC increased its holdings in shares of Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock worth $461,000 after purchasing an additional 12 shares during the period. Greenleaf Trust grew its position in Monolithic Power Systems by 1.5% in 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 position 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 worth $285,000 after acquiring an additional 14 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares of the company's stock, valued at approximately $55,769,247.60. The trade was a 3.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deming Xiao sold 866 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,100 shares of company stock worth $17,913,521 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MPWR. Oppenheimer reissued an "outperform" rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. TD Cowen decreased their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Raymond James raised their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Finally, Loop Capital raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 target price for the company in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $840.36.

Monolithic Power Systems Trading Down 4.8 %

Shares of NASDAQ MPWR traded down $28.78 during midday trading on Tuesday, reaching $572.08. The company had a trading volume of 1,287,054 shares, compared to its average volume of 612,519. The business's 50-day simple moving average is $820.61 and its 200 day simple moving average is $822.73. The stock has a market cap of $27.91 billion, a P/E ratio of 67.74, a P/E/G ratio of 2.77 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1 year low of $538.00 and a 1 year high of $959.64.

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 analysts' consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to analysts' expectations of $600.10 million. Analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 0.87%. Monolithic Power Systems's dividend payout ratio (DPR) is 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.