Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Groupama Asset Managment

Groupama Asset Managment increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 29.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,024 shares of the semiconductor company's stock after buying an additional 924 shares during the quarter. Groupama Asset Managment's holdings in Monolithic Power Systems were worth $3,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MPWR. Family Firm Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter valued at about $25,000. NBC Securities Inc. boosted its holdings in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC grew its stake in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 34 shares in the last quarter. Crewe Advisors LLC increased its holdings in Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 24 shares during the period. Finally, GHP Investment Advisors Inc. bought a new stake in Monolithic Power Systems during the 2nd quarter valued at $36,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Up 3.0 %

Shares of MPWR stock traded up $17.36 during trading hours on Monday, hitting $589.68. The company's stock had a trading volume of 734,466 shares, compared to its average volume of 1,291,866. The company has a 50 day moving average of $761.58 and a 200 day moving average of $812.69. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The stock has a market cap of $28.76 billion, a PE ratio of 66.48, a price-to-earnings-growth ratio of 2.81 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million for the quarter, compared to analysts' expectations of $600.10 million. As a group, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.85%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 56.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC dropped their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Truist Financial reaffirmed a "buy" rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. 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 report on Monday, November 18th. Oppenheimer reaffirmed an "outperform" rating and issued a $900.00 price target on shares of Monolithic Power Systems in a report on Monday, November 11th. Finally, KeyCorp decreased their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and an average price target of $840.36.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 11,000 shares of the company's stock in a transaction dated 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 approximately $96,518,400.11. This represents a 9.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the completion of the sale, the chief financial officer now directly owns 59,178 shares of the company's stock, valued at approximately $53,754,928.08. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,600 shares of company stock worth $15,653,021. Company insiders own 3.70% of the company's stock.

Monolithic Power Systems Company 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.