Monolithic Power Systems, Inc. (NASDAQ:MPWR) Position Increased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 55.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,996 shares of the semiconductor company's stock after purchasing an additional 2,134 shares during the period. Janus Henderson Group PLC's holdings in Monolithic Power Systems were worth $5,545,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter worth $25,000. NBC Securities Inc. lifted its stake in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 26 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of 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 worth $32,000 after acquiring an additional 34 shares during the period. Crewe Advisors LLC lifted its stake in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 24 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter worth $36,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares of the company's stock, valued at $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems 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 transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $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. Over the last three months, insiders sold 17,600 shares of company stock worth $15,653,021. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Trading Down 2.4 %

Shares of NASDAQ MPWR traded down $14.35 during midday trading on Tuesday, reaching $595.32. 941,727 shares of the stock were exchanged, compared to its average volume of 620,190. The company has a market capitalization of $29.04 billion, a P/E ratio of 67.12, a P/E/G ratio of 2.81 and a beta of 1.05. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The stock has a 50 day moving average price of $749.35 and a 200-day moving average price of $810.61.

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 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 firm had revenue of $620.12 million for the quarter, compared to analysts' expectations of $600.10 million. On average, analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.84%. Monolithic Power Systems's payout ratio is 56.37%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. 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 research note on Monday, November 18th. Truist Financial reiterated a "buy" rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Oppenheimer reiterated an "outperform" rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an "equal weight" rating and a $610.00 price objective for the company. Finally, Rosenblatt Securities cut shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $840.36.

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.