Milestone Asset Management LLC increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 321.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,316 shares of the semiconductor company's stock after purchasing an additional 5,582 shares during the quarter. Monolithic Power Systems accounts for about 1.0% of Milestone Asset Management LLC's holdings, making the stock its 28th largest holding. Milestone Asset Management LLC's holdings in Monolithic Power Systems were worth $4,329,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. NBC Securities Inc. increased its stake in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after buying an additional 34 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Monolithic Power Systems during the 3rd quarter worth approximately $36,000. Rakuten Securities Inc. increased its stake in Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company's stock worth $47,000 after buying an additional 41 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Monolithic Power Systems during the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 93.46% of the company's stock.
Insider Activity
In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the firm's stock in a transaction 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 directly owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 734 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares in the company, valued at approximately $42,805,551.60. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,600 shares of company stock worth $4,656,631. Corporate insiders own 3.70% of the company's stock.
Monolithic Power Systems Stock Up 3.0 %
NASDAQ:MPWR traded up $18.72 during trading hours on Thursday, reaching $637.48. 237,486 shares of the stock were exchanged, compared to its average volume of 835,831. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of 71.86, a PEG ratio of 2.64 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The business has a 50-day moving average of $606.88 and a two-hundred day moving average of $763.63.
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 the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.
Monolithic Power Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems's payout ratio is currently 56.37%.
Wall Street Analyst Weigh In
MPWR has been the subject of several research reports. Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price objective for the company in a research note on Monday, November 18th. Rosenblatt Securities lowered Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Citigroup assumed coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price target for the company. Wells Fargo & Company assumed coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They issued an "equal weight" rating and a $610.00 price objective for the company. Finally, TD Cowen lowered their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus target price of $828.67.
Get Our Latest Analysis on Monolithic Power Systems
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.
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