Oak Ridge Investments LLC Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Oak Ridge Investments LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 219.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,640 shares of the semiconductor company's stock after buying an additional 4,561 shares during the period. Oak Ridge Investments LLC's holdings in Monolithic Power Systems were worth $6,139,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MPWR. United Asset Strategies Inc. bought a new position in Monolithic Power Systems during the third quarter valued at $887,000. Financial Advocates Investment Management raised its position in Monolithic Power Systems by 3.9% in the 3rd quarter. Financial Advocates Investment Management now owns 587 shares of the semiconductor company's stock worth $542,000 after purchasing an additional 22 shares during the period. First Trust Direct Indexing L.P. lifted its stake in Monolithic Power Systems by 23.7% in the third quarter. First Trust Direct Indexing L.P. now owns 1,916 shares of the semiconductor company's stock worth $1,771,000 after purchasing an additional 367 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Monolithic Power Systems by 0.5% during the third quarter. New York State Teachers Retirement System now owns 42,163 shares of the semiconductor company's stock valued at $38,980,000 after buying an additional 212 shares during the period. Finally, abrdn plc grew its stake in shares of Monolithic Power Systems by 53.5% during the third quarter. abrdn plc now owns 19,063 shares of the semiconductor company's stock valued at $17,517,000 after buying an additional 6,646 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $0.07 during midday trading on Friday, reaching $759.37. The company's stock had a trading volume of 1,001,240 shares, compared to its average volume of 545,350. Monolithic Power Systems, Inc. has a 52-week low of $459.69 and a 52-week high of $959.64. The stock has a market capitalization of $37.02 billion, a P/E ratio of 85.60, a PEG ratio of 4.25 and a beta of 1.11. The stock's 50-day simple moving average is $900.59 and its 200-day simple moving average is $821.62.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 21.00% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 0.66%. Monolithic Power Systems's dividend payout ratio (DPR) is 56.37%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James boosted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. TD Cowen cut 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 report on Thursday. Needham & Company LLC decreased their price objective on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a "buy" rating for the company in a report on Thursday. KeyCorp upped their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of "Buy" and a consensus price target of $942.40.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 859 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the transaction, the executive vice president now directly owns 202,354 shares in the company, valued at $157,510,330.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Maurice Sciammas sold 11,000 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deming Xiao sold 859 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the transaction, the executive vice president now directly owns 202,354 shares of the company's stock, valued at $157,510,330.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,636 shares of company stock valued at $36,459,953. 3.70% of the stock is owned by company insiders.

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.