Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 590 shares of the semiconductor company’s stock after purchasing an additional 92 shares during the period. Pallas Capital Advisors LLC’s holdings in Monolithic Power Systems were worth $530,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MPWR. BNP Paribas Financial Markets increased its position 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 in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Monolithic Power Systems by 311.8% during the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after purchasing an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after purchasing an additional 136,391 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Monolithic Power Systems by 92,842.9% during the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock worth $114,281,000 after purchasing an additional 123,481 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Monolithic Power Systems by 952.2% during the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock worth $63,068,000 after purchasing an additional 84,253 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $919.81 on Thursday. Monolithic Power Systems, Inc. has a one year low of $409.05 and a one year high of $959.64. The firm has a market cap of $44.78 billion, a price-to-earnings ratio of 111.23, a PEG ratio of 4.17 and a beta of 1.11. The firm’s fifty day moving average is $904.13 and its two-hundred day moving average is $821.37.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate 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 company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same period in the prior year, the company earned $2.05 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deming Xiao sold 859 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 $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. 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 39,636 shares of company stock valued at $36,459,953 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MPWR. Rosenblatt Securities reissued a “buy” rating and issued a $880.00 target price on shares of Monolithic Power Systems in a research report on Tuesday. Raymond James upped 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. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, KeyCorp upped their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Buy” and an average price target of $959.90.

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.