Monolithic Power Systems, Inc. $MPWR Shares Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 43,070.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,339 shares of the semiconductor company’s stock after buying an additional 7,322 shares during the period. Atlantic Union Bankshares Corp’s holdings in Monolithic Power Systems were worth $6,757,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MPWR. True Wealth Design LLC raised its position in shares of Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 27 shares during the period. NewSquare Capital LLC raised its holdings in Monolithic Power Systems by 76.0% in the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 19 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Monolithic Power Systems during the 3rd quarter worth $33,000. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 27 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of recent analyst reports. Citigroup lifted their price objective on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Truist Financial increased their price objective on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, December 19th. KeyCorp boosted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Buy” and a consensus target price of $1,135.42.

Monolithic Power Systems Stock Performance

MPWR opened at $1,173.22 on Tuesday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,188.66. The firm has a 50 day moving average price of $984.40 and a 200 day moving average price of $923.06. The company has a market cap of $56.21 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 3.16 and a beta of 1.45.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 15.93%.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $951.72, for a total transaction of $951,720.00. Following the completion of the sale, the director directly owned 28,567 shares of the company’s stock, valued at approximately $27,187,785.24. This represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Saria Tseng sold 20,000 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total value of $18,529,400.00. Following the completion of the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. This represents a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 66,976 shares of company stock worth $60,297,127. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.