Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Lifted by Signaturefd LLC

Signaturefd LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 718 shares of the semiconductor company’s stock after acquiring an additional 60 shares during the quarter. Signaturefd LLC’s holdings in Monolithic Power Systems were worth $663,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after acquiring an additional 148,771 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 during the period. Canada Pension Plan Investment Board grew its position in 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 valued at $117,826,000 after purchasing an additional 136,391 shares in the last quarter. SG Americas Securities LLC increased its stake in Monolithic Power Systems by 952.2% in 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 lifted its position in Monolithic Power Systems by 30.1% in the 1st quarter. Van ECK Associates Corp now owns 321,174 shares of the semiconductor company’s stock worth $217,569,000 after buying an additional 74,287 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 859 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now owns 202,354 shares in the company, valued at approximately $157,510,330.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems 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 in the company, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at $157,510,330.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,136 shares of company stock valued at $38,591,228 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $900.03 on Friday. The company has a market capitalization of $43.81 billion, a PE ratio of 107.27, a price-to-earnings-growth ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64. The company’s fifty day moving average price is $904.36 and its 200 day moving average price is $814.46.

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

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.56%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research reports. Rosenblatt Securities upped their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. Raymond James raised their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC boosted 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. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.