Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 27.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,993 shares of the semiconductor company's stock after acquiring an additional 21,240 shares during the quarter. Victory Capital Management Inc. owned approximately 0.21% of Monolithic Power Systems worth $92,444,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MPWR. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at about $25,000. NBC Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 433.3% in 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 in the last quarter. Wolff Wiese Magana LLC grew its position in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 34 shares during the period. Atwood & Palmer Inc. bought a new stake in Monolithic Power Systems during the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC raised its holdings in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock worth $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.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction 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 approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction that occurred 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 owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,359 shares of company stock valued at $36,209,571 in the last quarter. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on MPWR. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Oppenheimer reaffirmed an "outperform" rating and set a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday. Stifel Nicolaus raised their price objective on 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, TD Cowen lowered their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $916.73.

Monolithic Power Systems Trading Down 4.1 %

Monolithic Power Systems stock traded down $24.68 on Thursday, hitting $576.79. 2,069,847 shares of the stock traded hands, compared to its average volume of 588,926. The business's fifty day simple moving average is $866.42 and its 200 day simple moving average is $828.49. The firm has a market cap of $28.14 billion, a P/E ratio of 64.88, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1 year low of $532.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $620.12 million during the quarter, compared to analysts' expectations of $600.10 million. As a group, analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. 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.