Oak Ridge Investments LLC Boosts Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Oak Ridge Investments LLC increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 219.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,640 shares of the semiconductor company’s stock after acquiring an additional 4,561 shares during the quarter. Oak Ridge Investments LLC’s holdings in Monolithic Power Systems were worth $6,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in shares of Monolithic Power Systems by 95.1% in the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after buying an additional 148,771 shares during the last quarter. The Manufacturers Life Insurance Company increased its position 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 valued at $153,319,000 after acquiring an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Monolithic Power Systems by 1,947.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after acquiring an additional 136,391 shares during the last quarter. International Assets Investment Management LLC lifted its position in Monolithic Power Systems by 92,842.9% in the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after acquiring an additional 123,481 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Monolithic Power Systems by 952.2% during the 1st quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock valued at $63,068,000 after purchasing an additional 84,253 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on MPWR shares. Needham & Company LLC decreased their target price on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Raymond James lifted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, TD Cowen decreased their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $942.40.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the transaction, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at $157,510,330.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were 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 approximately $157,510,330.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the sale, the chief financial officer now directly owns 64,178 shares in the company, valued at $49,955,513.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,636 shares of company stock valued at $36,459,953. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $759.30 on Friday. The company has a market cap of $37.02 billion, a PE ratio of 85.60, a P/E/G ratio of 4.25 and a beta of 1.11. The firm’s 50 day moving average price is $903.58 and its 200-day moving average price is $822.06. Monolithic Power Systems, Inc. has a 52-week low of $409.05 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its 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 for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 21.00%. On average, analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

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.