Redhawk Wealth Advisors Inc. Boosts Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Redhawk Wealth Advisors Inc. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,478 shares of the semiconductor company’s stock after buying an additional 28 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Monolithic Power Systems were worth $3,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Monolithic Power Systems by 19.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after acquiring an additional 9,125 shares during the period. Cetera Investment Advisers lifted its position in Monolithic Power Systems by 237.3% during the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after acquiring an additional 4,760 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Monolithic Power Systems by 4.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock valued at $77,970,000 after acquiring an additional 5,335 shares during the period. Czech National Bank lifted its position in Monolithic Power Systems by 9.8% during the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock valued at $7,620,000 after acquiring an additional 824 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Monolithic Power Systems by 224.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after acquiring an additional 1,057 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MPWR. Needham & Company LLC lifted 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 report on Monday, August 5th. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. KeyCorp lifted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Nine 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 a consensus rating of “Buy” and an average target price of $959.90.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the completion of the sale, the executive vice president now directly owns 203,213 shares in the company, valued at approximately $168,987,866.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 9,614 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $7,994,810.12. Following the completion of the transaction, the chief executive officer now directly owns 868,122 shares in the company, valued at $721,912,892.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 3,205 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the completion of the transaction, the executive vice president now owns 203,213 shares of the company’s stock, valued at approximately $168,987,866.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,535 shares of company stock worth $51,396,728. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems Stock Up 0.9 %

Shares of MPWR stock opened at $938.47 on Monday. The company has a 50 day moving average price of $891.12 and a 200-day moving average price of $800.38. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64. The firm has a market capitalization of $45.68 billion, a PE ratio of 111.86, a P/E/G ratio of 4.33 and a beta of 1.11.

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

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.53%. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Monolithic Power Systems Company 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.