Tidal Investments LLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 105.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,042 shares of the semiconductor company's stock after acquiring an additional 3,105 shares during the quarter. Tidal Investments LLC's holdings in Monolithic Power Systems were worth $5,586,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Monolithic Power Systems in the 3rd quarter worth $23,233,000. World Investment Advisors LLC boosted its stake in shares of Monolithic Power Systems by 14.6% in the third quarter. World Investment Advisors LLC now owns 822 shares of the semiconductor company's stock worth $760,000 after acquiring an additional 105 shares during the period. Sanctuary Advisors LLC grew its position in shares of Monolithic Power Systems by 386.6% during the third quarter. Sanctuary Advisors LLC now owns 19,500 shares of the semiconductor company's stock worth $18,028,000 after purchasing an additional 15,493 shares in the last quarter. Geode Capital Management LLC raised its stake in Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock valued at $1,230,626,000 after purchasing an additional 133,838 shares during the period. Finally, Executive Wealth Management LLC bought a new stake in Monolithic Power Systems during the 3rd quarter valued at approximately $370,000. 93.46% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Monolithic Power Systems
In related news, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now owns 53,444 shares in the company, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,100 shares of company stock worth $17,153,021 in the last quarter. 3.70% of the stock is owned by company insiders.
Monolithic Power Systems Price Performance
Shares of Monolithic Power Systems stock traded up $2.99 on Friday, reaching $608.44. The company had a trading volume of 897,035 shares, compared to its average volume of 623,702. The firm's 50-day moving average price is $730.56 and its two-hundred day moving average price is $806.89. 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 $29.68 billion, a price-to-earnings ratio of 68.60, a P/E/G ratio of 2.97 and a beta of 1.05.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (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 firm had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.
Monolithic Power Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.82%. Monolithic Power Systems's dividend payout ratio is currently 56.37%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Rosenblatt Securities lowered shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Oppenheimer restated an "outperform" rating and set a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday, November 11th. Loop Capital upgraded 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. Truist Financial reissued a "buy" rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company began coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 price objective for the company. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average target price of $828.67.
Check Out Our Latest Report on MPWR
Monolithic Power Systems Company Profile
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Free Report)
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.
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