XTX Topco Ltd bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 848 shares of the semiconductor company's stock, valued at approximately $784,000.
Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its position in shares of Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock valued at $3,253,664,000 after purchasing an additional 361,416 shares during the last quarter. State Street Corp grew its holdings in Monolithic Power Systems by 2.1% in the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company's stock valued at $1,930,301,000 after buying an additional 42,678 shares in the last quarter. Van ECK Associates Corp increased its position in Monolithic Power Systems by 26.3% during 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 period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Monolithic Power Systems by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company's stock worth $290,537,000 after buying an additional 5,645 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Monolithic Power Systems by 14.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company's stock valued at $226,767,000 after acquiring an additional 34,557 shares during the period. Institutional investors own 93.46% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price target on the stock in a research note on Monday, November 18th. KeyCorp lowered their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 price target on the stock. Finally, Truist Financial reissued a "buy" rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $828.67.
View Our Latest Stock Report on MPWR
Monolithic Power Systems Stock Down 2.9 %
Shares of NASDAQ MPWR traded down $18.37 during trading on Thursday, reaching $605.45. The company had a trading volume of 861,585 shares, compared to its average volume of 622,559. The company's fifty day moving average price is $743.45 and its 200-day moving average price is $809.31. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a market cap of $29.53 billion, a P/E ratio of 70.33, a PEG ratio of 2.81 and a beta of 1.05.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $600.10 million. As a group, equities 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.25 per share. 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 0.83%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 56.37%.
Insiders Place Their Bets
In other news, EVP Maurice Sciammas sold 11,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 866 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 20,100 shares of company stock worth $17,153,021. Company insiders own 3.70% of the company's stock.
Monolithic Power Systems 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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