Monolithic Power Systems, Inc. (NASDAQ:MPWR) Holdings Lifted by Greenleaf Trust

Greenleaf Trust increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 979 shares of the semiconductor company’s stock after acquiring an additional 14 shares during the period. Greenleaf Trust’s holdings in Monolithic Power Systems were worth $905,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted 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 purchasing an additional 148,771 shares during the period. The Manufacturers Life Insurance Company lifted its position in Monolithic Power Systems by 311.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after buying an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Monolithic Power Systems by 1,947.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after buying an additional 136,391 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Monolithic Power Systems by 952.2% during the 1st quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock valued at $63,068,000 after buying an additional 84,253 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Monolithic Power Systems by 30.1% during the 1st quarter. Van ECK Associates Corp now owns 321,174 shares of the semiconductor company’s stock valued at $217,569,000 after acquiring an additional 74,287 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MPWR. Rosenblatt Securities lifted their price objective on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Needham & Company LLC lifted their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. Truist Financial restated a “buy” rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Raymond James lifted their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, KeyCorp boosted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report 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 MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Buy” and an average target price of $959.90.

Monolithic Power Systems Trading Up 1.9 %

NASDAQ MPWR opened at $900.03 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64. The company has a fifty day simple moving average of $904.36 and a 200 day simple moving average of $814.46. The company has a market cap of $43.81 billion, a P/E ratio of 107.27, a P/E/G ratio of 4.33 and a beta of 1.11.

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

Monolithic Power Systems Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the sale, the chief financial officer now owns 64,906 shares in the company, valued at approximately $55,333,014.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $852.51, for a total transaction of $2,131,275.00. Following the completion of the transaction, the chief financial officer now owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 2,790 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the completion of the sale, the chief executive officer now owns 865,332 shares of the company’s stock, valued at approximately $673,565,775.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,136 shares of company stock valued at $38,591,228 in the last three months. Company insiders own 3.20% 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.