Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 117.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,995 shares of the semiconductor company’s stock after purchasing an additional 8,644 shares during the period. SG Americas Securities LLC’s holdings in Monolithic Power Systems were worth $14,787,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Monolithic Power Systems by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after acquiring an additional 55,874 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Monolithic Power Systems by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after acquiring an additional 85,676 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Monolithic Power Systems by 4.9% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 483,812 shares of the semiconductor company’s stock worth $327,743,000 after acquiring an additional 22,725 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Monolithic Power Systems by 10.4% during the second quarter. Van ECK Associates Corp now owns 354,461 shares of the semiconductor company’s stock worth $291,254,000 after acquiring an additional 33,287 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Monolithic Power Systems by 95.1% during the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after acquiring an additional 148,771 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MPWR shares. Oppenheimer increased their target price 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. Needham & Company LLC increased their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased 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 report on Friday, August 2nd. Finally, Raymond James increased their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $959.90.

Monolithic Power Systems Trading Up 1.4 %

MPWR stock traded up $12.86 during trading on Friday, reaching $935.61. 435,617 shares of the stock were exchanged, compared to its average volume of 533,688. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $959.64. The company has a market capitalization of $45.54 billion, a P/E ratio of 111.51, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. The stock has a 50 day simple moving average of $879.02 and a 200-day simple moving average of $790.25.

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 return on equity of 20.24% and a net margin of 21.70%. The business had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same period last year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at approximately $53,754,928.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Monolithic Power Systems news, EVP Deming Xiao sold 3,205 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the sale, the executive vice president now directly owns 203,213 shares of the company’s stock, valued at approximately $168,987,866.54. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the transaction, the chief financial officer now directly owns 59,178 shares in the company, valued at $53,754,928.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,534 shares of company stock valued at $50,452,525 over the last three months. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems 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.