Vantage Investment Partners LLC boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,722 shares of the semiconductor company's stock after buying an additional 1,505 shares during the quarter. Monolithic Power Systems makes up about 1.8% of Vantage Investment Partners LLC's investment portfolio, making the stock its 18th biggest holding. Vantage Investment Partners LLC owned approximately 0.07% of Monolithic Power Systems worth $20,545,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of MPWR. NBC Securities Inc. lifted its holdings in Monolithic Power Systems by 433.3% in the third 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 last quarter. Wolff Wiese Magana LLC raised its position in shares of 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 purchasing an additional 34 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Monolithic Power Systems in the third quarter worth $36,000. Rakuten Securities Inc. lifted its stake 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 buying an additional 41 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Monolithic Power Systems in the 3rd quarter valued at about $65,000. Institutional investors and hedge funds own 93.46% of the company's stock.
Monolithic Power Systems Stock Up 2.7 %
Shares of Monolithic Power Systems stock traded up $16.21 during trading on Tuesday, hitting $617.00. The stock had a trading volume of 662,868 shares, compared to its average volume of 870,181. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a 50 day simple moving average of $604.82 and a 200 day simple moving average of $767.95. The company has a market capitalization of $30.10 billion, a PE ratio of 69.56, a P/E/G ratio of 2.64 and a beta of 1.03.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results 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 firm had revenue of $620.12 million for 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%. As a group, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 0.81%. Monolithic Power Systems's payout ratio is presently 56.37%.
Analyst Ratings Changes
A number of brokerages recently issued reports on MPWR. Oppenheimer reissued an "outperform" rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday, November 11th. TD Cowen lowered their target price 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. Citigroup started coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price target for the company. Needham & Company LLC lowered their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Finally, KeyCorp cut their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $828.67.
Get Our Latest Stock Report on MPWR
Insider Buying and Selling at Monolithic Power Systems
In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on 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 completion of the sale, the chief financial officer now owns 56,678 shares of the company's stock, valued at approximately $43,809,826.88. This trade represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 866 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,600 shares of company stock valued at $4,656,631 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.
Monolithic Power Systems Profile
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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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