Park Avenue Securities LLC Has $2.18 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Park Avenue Securities LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,690 shares of the semiconductor company's stock after purchasing an additional 598 shares during the quarter. Park Avenue Securities LLC's holdings in Monolithic Power Systems were worth $2,183,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MPWR. Assetmark Inc. lifted its holdings in Monolithic Power Systems by 6.6% in the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company's stock valued at $16,259,000 after acquiring an additional 1,082 shares during the last quarter. EULAV Asset Management lifted its position in shares of Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company's stock valued at $100,099,000 after acquiring an additional 8,600 shares during the last quarter. Paragon Advisors LLC grew its holdings in shares of Monolithic Power Systems by 140.6% in the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after acquiring an additional 2,997 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Monolithic Power Systems by 29.0% in the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock valued at $3,741,000 after purchasing an additional 909 shares during the period. Finally, FMR LLC raised its holdings in Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after buying an additional 361,416 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MPWR. 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 report on Friday, November 22nd. TD Cowen dropped their price target 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. Oppenheimer reissued an "outperform" rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Truist Financial reaffirmed a "buy" rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Finally, Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price target for the company in a report 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 stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average price target of $828.67.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 734 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. This represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,600 shares of company stock valued at $4,656,631. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Trading Up 4.9 %

NASDAQ:MPWR traded up $29.16 during mid-day trading on Friday, hitting $625.82. 1,066,120 shares of the company's stock traded hands, compared to its average volume of 633,666. The firm has a market capitalization of $30.53 billion, a price-to-earnings ratio of 70.55, a price-to-earnings-growth ratio of 2.26 and a beta of 1.03. The firm has a 50 day moving average of $599.06 and a two-hundred day moving average of $774.80. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month 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 net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given 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 dividend yield of 0.80%. 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.