Empowered Funds LLC Buys 909 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Empowered Funds LLC grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 29.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,047 shares of the semiconductor company's stock after buying an additional 909 shares during the quarter. Empowered Funds LLC's holdings in Monolithic Power Systems were worth $3,741,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MPWR. Family Firm Inc. acquired a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $25,000. NBC Securities Inc. lifted its holdings 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 worth $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of Monolithic Power Systems by 3,400.0% in the third 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 last quarter. Ashton Thomas Securities LLC acquired a new stake in Monolithic Power Systems in the third quarter valued at $36,000. Finally, Atwood & Palmer Inc. acquired a new stake in Monolithic Power Systems in the second quarter valued at $33,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 0.3 %

NASDAQ MPWR traded down $1.97 during mid-day trading on Tuesday, hitting $585.87. The company's stock had a trading volume of 947,646 shares, compared to its average volume of 597,967. The firm has a market capitalization of $28.58 billion, a price-to-earnings ratio of 66.05, a PEG ratio of 2.73 and a beta of 1.15. The company's 50 day simple moving average is $851.50 and its 200 day simple moving average is $827.45. Monolithic Power Systems, Inc. has a twelve month low of $535.39 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results 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). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid 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 0.85%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 56.37%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Oppenheimer restated an "outperform" rating and set a $900.00 price target on shares of Monolithic Power Systems in a report on Monday, November 11th. Loop Capital raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price objective on the stock in a research note on Monday. Finally, TD Cowen lowered their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $882.64.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the business'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. The trade was a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 734 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now owns 55,944 shares of the company's stock, valued at $42,805,551.60. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,359 shares of company stock worth $36,209,571 in the last ninety days. Company insiders own 3.70% of the company's stock.

Monolithic Power Systems 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.