Profund Advisors LLC Purchases 561 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Profund Advisors LLC raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.5% during the second quarter, Holdings Channel.com reports. The fund owned 4,441 shares of the semiconductor company’s stock after buying an additional 561 shares during the period. Profund Advisors LLC’s holdings in Monolithic Power Systems were worth $3,649,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MPWR. Dynamic Advisor Solutions LLC grew its position in shares of Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 23.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 15 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in Monolithic Power Systems by 2.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after buying an additional 15 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Monolithic Power Systems by 2.0% during the 1st quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock worth $541,000 after acquiring an additional 16 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Monolithic Power Systems by 9.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 212 shares of the semiconductor company’s stock valued at $174,000 after acquiring an additional 18 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The disclosure for this sale can be found here. Insiders have sold 98,299 shares of company stock worth $83,140,933 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MPWR shares. KeyCorp raised their price objective on 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. Needham & Company LLC increased their price target 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. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Raymond James lifted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Oppenheimer upped their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $912.30.

Monolithic Power Systems Trading Down 2.2 %

MPWR stock opened at $891.32 on Monday. The business’s 50-day moving average is $862.05 and its 200 day moving average is $776.99. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The stock has a market cap of $43.39 billion, a price-to-earnings ratio of 106.24, a PEG ratio of 4.14 and a beta of 1.12.

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

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Monolithic Power Systems Company Profile

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.