Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Circle Wealth Management LLC

Circle Wealth Management LLC lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,446 shares of the semiconductor company’s stock after acquiring an additional 357 shares during the quarter. Circle Wealth Management LLC’s holdings in Monolithic Power Systems were worth $1,338,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Comerica Bank raised its stake in shares of Monolithic Power Systems by 1.5% in the 1st quarter. Comerica Bank now owns 11,013 shares of the semiconductor company’s stock valued at $7,460,000 after purchasing an additional 163 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in Monolithic Power Systems during the first quarter valued at approximately $216,000. Swedbank AB bought a new position in Monolithic Power Systems during the 1st quarter worth approximately $3,387,000. Cetera Investment Advisers grew its position in shares of Monolithic Power Systems by 237.3% in the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after acquiring an additional 4,760 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of Monolithic Power Systems by 37.7% in the 1st quarter. Cetera Advisors LLC now owns 1,246 shares of the semiconductor company’s stock valued at $844,000 after acquiring an additional 341 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on 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 owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the completion of the transaction, the chief financial officer now owns 59,178 shares of the company’s stock, valued at approximately $53,754,928.08. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,100 shares of company stock worth $17,913,521. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of several research analyst reports. Needham & Company LLC reduced their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. KeyCorp reduced their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. TD Cowen lowered their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $840.36.

Monolithic Power Systems Trading Up 1.3 %

MPWR opened at $567.64 on Friday. The business has a 50 day moving average of $795.21 and a 200-day moving average of $817.23. The stock has a market capitalization of $27.69 billion, a price-to-earnings ratio of 64.00, a P/E/G ratio of 2.67 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1-year low of $542.73 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is presently 56.37%.

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.