Hantz Financial Services Inc. lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,600 shares of the semiconductor company's stock after selling 2,258 shares during the period. Hantz Financial Services Inc.'s holdings in Monolithic Power Systems were worth $9,230,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. NBC Securities Inc. boosted its position in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC raised its holdings in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. West Oak Capital LLC increased its holdings in Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock valued at $32,000 after buying an additional 545 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter worth approximately $36,000. Finally, Rakuten Securities Inc. grew its position in Monolithic Power Systems by 410.0% in the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 41 shares during the period. 93.46% of the stock is currently owned by institutional investors.
Monolithic Power Systems Stock Up 2.7 %
Shares of MPWR stock traded up $17.01 on Thursday, reaching $635.77. The stock had a trading volume of 109,236 shares, compared to its average volume of 829,276. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The firm has a market capitalization of $31.01 billion, a price-to-earnings ratio of 71.64, a P/E/G ratio of 2.64 and a beta of 1.03. The firm's 50-day moving average is $606.88 and its two-hundred day moving average is $763.63.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share 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 business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.
Monolithic Power Systems Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems's dividend payout ratio (DPR) is presently 56.37%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on MPWR shares. KeyCorp cut their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. TD Cowen dropped 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. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Citigroup initiated coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a "buy" rating and a $700.00 target price for the company. Finally, Loop Capital raised Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 target price on the stock in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $828.67.
View Our Latest Report on MPWR
Insider Activity at Monolithic Power Systems
In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the sale, the chief financial officer now directly owns 56,678 shares in the company, valued at $43,809,826.88. This trade represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company's stock, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,600 shares of company stock worth $4,656,631. Company insiders own 3.70% of the company's stock.
Monolithic Power Systems Company Profile
(
Free Report)
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.
See Also
Before you consider Monolithic Power Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Monolithic Power Systems wasn't on the list.
While Monolithic Power Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
