Paragon Advisors LLC Purchases 2,997 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Paragon Advisors LLC raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 140.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,128 shares of the semiconductor company's stock after buying an additional 2,997 shares during the period. Monolithic Power Systems comprises 1.0% of Paragon Advisors LLC's portfolio, making the stock its 29th biggest position. Paragon Advisors LLC's holdings in Monolithic Power Systems were worth $3,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MPWR. NBC Securities Inc. grew its stake in shares of Monolithic Power Systems by 433.3% during 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 last quarter. Wolff Wiese Magana LLC increased 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 valued at $32,000 after buying an additional 34 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Monolithic Power Systems during the third quarter worth $36,000. GHP Investment Advisors Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter valued at $36,000. Finally, Rakuten Securities Inc. boosted its holdings 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 last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on MPWR shares. TD Cowen reduced their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC reduced their price target on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. Truist Financial reissued a "buy" rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, Loop Capital upgraded shares of Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price target on the stock in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $828.67.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems 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 transaction, the executive vice president now owns 162,239 shares of the company's stock, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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 Down 0.7 %

MPWR traded down $3.88 during trading on Monday, hitting $587.35. The company had a trading volume of 854,121 shares, compared to its average volume of 694,945. The firm's 50-day moving average price is $612.46 and its 200 day moving average price is $780.65. The company has a market capitalization of $28.65 billion, a PE ratio of 66.22, a PEG ratio of 2.90 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $600.10 million. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Tuesday, December 31st. Monolithic Power Systems's dividend payout ratio is currently 56.37%.

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.