1,840 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,840 shares of the semiconductor company's stock, valued at approximately $1,089,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after acquiring an additional 361,416 shares during the last quarter. State Street Corp lifted its position in Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company's stock valued at $1,930,301,000 after purchasing an additional 42,678 shares during the last quarter. Geode Capital Management LLC grew its stake in Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock worth $1,230,626,000 after buying an additional 133,838 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Monolithic Power Systems by 26.3% in the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company's stock worth $395,715,000 after buying an additional 93,362 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Monolithic Power Systems by 5.0% during the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock valued at $297,799,000 after buying an additional 15,350 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of MPWR traded up $2.51 during mid-day trading on Tuesday, reaching $589.86. The company had a trading volume of 472,848 shares, compared to its average volume of 667,180. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The firm has a 50-day moving average price of $612.46 and a 200 day moving average price of $780.65. The company has a market capitalization of $28.77 billion, a price-to-earnings ratio of 66.50, a price-to-earnings-growth ratio of 2.90 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 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 analysts' expectations 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, research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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 issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, December 31st. Monolithic Power Systems's dividend payout ratio is currently 56.37%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Rosenblatt Securities lowered Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Needham & Company LLC cut their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company assumed coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an "equal weight" rating and a $610.00 target price on the stock. Loop Capital raised 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 report on Monday, November 18th. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $828.67.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were 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 directly owns 162,239 shares of the company's stock, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief financial officer now owns 56,678 shares in the company, valued at $43,809,826.88. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,600 shares of company stock worth $4,656,631. Insiders own 3.70% of the company's stock.

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.