Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 707 shares of the semiconductor company’s stock after acquiring an additional 47 shares during the period. V Square Quantitative Management LLC’s holdings in Monolithic Power Systems were worth $654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC lifted its position in shares of Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in Monolithic Power Systems by 1.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after buying an additional 12 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in Monolithic Power Systems by 2.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after buying an additional 15 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Monolithic Power Systems by 4.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock valued at $287,000 after buying an additional 15 shares during the last quarter. Finally, American National Bank & Trust grew its stake in shares of Monolithic Power Systems by 1.8% during the third quarter. American National Bank & Trust now owns 829 shares of the semiconductor company’s stock valued at $766,000 after acquiring an additional 15 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 10,000 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the transaction, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the sale, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,535 shares of company stock valued at $51,396,728 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Down 0.2 %

NASDAQ:MPWR opened at $916.29 on Friday. The stock has a 50 day moving average of $902.98 and a 200-day moving average of $807.88. The firm has a market capitalization of $44.60 billion, a PE ratio of 109.21, a price-to-earnings-growth ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 EPS. As a group, analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s payout ratio is 59.59%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial reiterated a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Rosenblatt Securities upped their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Buy” and a consensus target price of $959.90.

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.