Perpetual Ltd Buys 2,679 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Perpetual Ltd increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1,042.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,936 shares of the semiconductor company's stock after buying an additional 2,679 shares during the period. Perpetual Ltd's holdings in Monolithic Power Systems were worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its stake in shares of 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 acquiring an additional 26 shares during the period. Wolff Wiese Magana LLC boosted 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 acquiring an additional 34 shares in the last quarter. West Oak Capital LLC lifted its position in shares of Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after buying an additional 545 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Monolithic Power Systems in the 3rd quarter valued at $36,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 41 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This trade represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,600 shares of company stock valued at $4,656,631. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MPWR shares. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They set an "equal weight" rating and a $610.00 target price for the company. Oppenheimer reaffirmed an "outperform" rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Needham & Company LLC dropped their target price on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Rosenblatt Securities cut shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, Loop Capital raised shares of 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $828.67.

Monolithic Power Systems Price Performance

MPWR stock traded up $50.93 during midday trading on Wednesday, hitting $689.42. The stock had a trading volume of 1,557,304 shares, compared to its average volume of 791,072. The business has a 50-day moving average of $600.27 and a two-hundred day moving average of $770.84. The firm has a market cap of $33.63 billion, a price-to-earnings ratio of 77.73, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million for the quarter, compared to analysts' expectations of $600.10 million. Research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 0.73%. Monolithic Power Systems's 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.