Lake Street Advisors Group LLC Makes New $226,000 Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Lake Street Advisors Group LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 244 shares of the semiconductor company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in Monolithic Power Systems during the third quarter valued at approximately $301,000. Dakota Wealth Management boosted its stake in Monolithic Power Systems by 91.3% in the 3rd quarter. Dakota Wealth Management now owns 2,179 shares of the semiconductor company’s stock valued at $2,015,000 after buying an additional 1,040 shares in the last quarter. Values First Advisors Inc. grew its position in Monolithic Power Systems by 5.2% in the third quarter. Values First Advisors Inc. now owns 3,712 shares of the semiconductor company’s stock valued at $3,432,000 after acquiring an additional 182 shares during the period. Assenagon Asset Management S.A. grew its position in Monolithic Power Systems by 3.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,165 shares of the semiconductor company’s stock valued at $1,077,000 after acquiring an additional 37 shares during the period. Finally, Jackson Wealth Management LLC acquired a new position in Monolithic Power Systems during the third quarter worth $2,370,000. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MPWR shares. TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Stifel Nicolaus boosted their target price 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. Deutsche Bank Aktiengesellschaft raised their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, KeyCorp raised their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Buy” and a consensus price target of $959.90.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $901.29 on Monday. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $959.64. The firm has a market capitalization of $43.94 billion, a price-to-earnings ratio of 107.30, a PEG ratio of 4.06 and a beta of 1.11. The company’s 50 day simple moving average is $904.09 and its 200 day simple moving average is $817.98.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 EPS. As a group, analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 59.52%.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the firm’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 transaction of $668,637.01. Following the sale, the executive vice president now directly owns 202,354 shares in the company, valued at approximately $157,510,330.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the transaction, the chief financial officer now owns 64,178 shares in the company, valued at approximately $49,955,513.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction dated 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 sale, the executive vice president now directly owns 202,354 shares in the company, valued at $157,510,330.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,136 shares of company stock worth $38,591,228 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

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.