Assetmark Inc. lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,586 shares of the semiconductor company's stock after purchasing an additional 1,082 shares during the period. Assetmark Inc.'s holdings in Monolithic Power Systems were worth $16,259,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of MPWR. Family Firm Inc. purchased a new stake in Monolithic Power Systems during the second quarter worth $25,000. NBC Securities Inc. lifted its holdings 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 buying an additional 26 shares during the period. Wolff Wiese Magana LLC lifted its holdings in Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after buying an additional 34 shares during the period. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems during the second quarter worth $33,000. Finally, Crewe Advisors LLC lifted its holdings in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock worth $35,000 after buying an additional 24 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on MPWR. Rosenblatt Securities lowered Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. KeyCorp upped their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Raymond James upped their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC reduced their price target on Monolithic Power Systems from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $942.40.
Check Out Our Latest Stock Report on MPWR
Insider Activity
In other news, CFO Theodore Blegen sold 2,500 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the sale, the chief financial officer now directly owns 56,678 shares in the company, valued at approximately $43,809,826.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,759 shares of company stock worth $34,985,340 in the last ninety days. Company insiders own 3.70% of the company's stock.
Monolithic Power Systems Trading Down 15.0 %
Shares of NASDAQ MPWR traded down $113.99 during trading on Monday, reaching $647.31. 3,904,757 shares of the company traded hands, compared to its average volume of 567,507. The firm's fifty day simple moving average is $881.04 and its 200 day simple moving average is $830.41. The stock has a market cap of $31.58 billion, a P/E ratio of 72.98, a PEG ratio of 3.62 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12-month low of $500.54 and a 12-month high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $620.12 million for 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, research analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.
Monolithic Power Systems Announces Dividend
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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 56.37%.
About Monolithic Power Systems
(
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.
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