Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Perpetual Ltd

Perpetual Ltd grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1,042.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,936 shares of the semiconductor company’s stock after purchasing an additional 2,679 shares during the quarter. Perpetual Ltd’s holdings in Monolithic Power Systems were worth $1,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. grew its position in shares of Monolithic Power Systems by 9.5% in the second quarter. Pacer Advisors Inc. now owns 7,870 shares of the semiconductor company’s stock valued at $6,467,000 after purchasing an additional 684 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 11.6% in the 2nd quarter. ProShare Advisors LLC now owns 15,685 shares of the semiconductor company’s stock valued at $12,888,000 after purchasing an additional 1,630 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at $348,000. 1832 Asset Management L.P. acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $4,355,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Monolithic Power Systems by 4.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock worth $287,000 after buying an additional 15 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on MPWR. KeyCorp dropped their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Citigroup began coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price on the stock. Finally, TD Cowen lowered their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $828.67.

Monolithic Power Systems Trading Up 2.0 %

Shares of NASDAQ:MPWR opened at $638.49 on Wednesday. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64. The firm has a market cap of $31.15 billion, a PE ratio of 71.98, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. The company has a fifty day simple moving average of $598.63 and a 200 day simple moving average of $772.85.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Buying and Selling

In related news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the sale, the chief financial officer now owns 56,678 shares of the company’s stock, valued at approximately $43,809,826.88. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,600 shares of company stock worth $4,656,631 in the last three months. 3.70% of the stock is owned by insiders.

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.