Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by EULAV Asset Management

EULAV Asset Management increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 8.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,274 shares of the semiconductor company's stock after buying an additional 8,600 shares during the quarter. Monolithic Power Systems comprises about 2.4% of EULAV Asset Management's holdings, making the stock its 9th largest position. EULAV Asset Management owned approximately 0.22% of Monolithic Power Systems worth $100,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of Monolithic Power Systems by 224.4% during the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company's stock valued at $1,034,000 after acquiring an additional 1,057 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Monolithic Power Systems by 52.5% in the 1st 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 during the period. Natixis boosted its stake in shares of Monolithic Power Systems by 169.1% during the 1st quarter. Natixis now owns 8,853 shares of the semiconductor company's stock valued at $5,997,000 after buying an additional 5,563 shares during the period. MQS Management LLC acquired a new stake in shares of Monolithic Power Systems during the 1st quarter valued at $335,000. Finally, LGT Group Foundation lifted its stake in shares of Monolithic Power Systems by 2.6% in the 1st quarter. LGT Group Foundation now owns 9,345 shares of the semiconductor company's stock valued at $6,330,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of MPWR traded down $25.81 during trading hours on Wednesday, hitting $560.06. The stock had a trading volume of 1,656,746 shares, compared to its average volume of 602,924. The firm has a 50-day moving average price of $846.27 and a 200 day moving average price of $826.59. Monolithic Power Systems, Inc. has a fifty-two week low of $535.39 and a fifty-two week high of $959.64. The firm has a market capitalization of $27.32 billion, a price-to-earnings ratio of 62.14, a PEG ratio of 2.73 and a beta of 1.15.

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%. As a group, analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.89%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 56.37%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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. Loop Capital upgraded 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 report on Monday. TD Cowen dropped their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Truist Financial reissued a "buy" rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $882.64.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 9,259 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 20,455 shares of the company's stock, valued at approximately $19,432,250. This trade represents a 31.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The stock was 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. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,359 shares of company stock valued at $36,209,571. 3.70% of the stock is owned by company insiders.

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.