Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,505 shares of the semiconductor company's stock after acquiring an additional 1,817 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of Monolithic Power Systems worth $28,204,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems in the second quarter worth approximately $25,000. NBC Securities Inc. boosted its stake in 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 purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after buying an additional 34 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at about $36,000. Finally, Crewe Advisors LLC raised its position in shares of Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MPWR has been the subject of several research reports. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Wells Fargo & Company started coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They issued an "equal weight" rating and a $610.00 price target for the company. Needham & Company LLC reduced their price objective on 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. KeyCorp lowered their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. Finally, Loop Capital raised Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 target price for the company in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average price target of $840.36.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now owns 59,178 shares in the company, valued at $53,754,928.08. This represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,600 shares of company stock valued at $15,653,021. Corporate insiders own 3.70% of the company's stock.

Monolithic Power Systems Trading Up 3.4 %

MPWR traded up $19.99 on Monday, hitting $609.67. The company had a trading volume of 1,015,304 shares, compared to its average volume of 618,755. The company's fifty day moving average price is $761.58 and its 200 day moving average price is $812.69. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The firm has a market cap of $29.74 billion, a P/E ratio of 66.48, a PEG ratio of 2.81 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued 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). Monolithic Power Systems had a return on equity of 20.44% 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. On average, 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 Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.82%. Monolithic Power Systems's payout ratio is presently 56.37%.

About Monolithic Power Systems

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.