Rakuten Securities Inc. Increases Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Rakuten Securities Inc. grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 410.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 51 shares of the semiconductor company’s stock after buying an additional 41 shares during the period. Rakuten Securities Inc.’s holdings in Monolithic Power Systems were worth $47,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Family Firm Inc. purchased a new stake in Monolithic Power Systems during the 2nd quarter valued at about $25,000. NBC Securities Inc. grew its position in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. Atwood & Palmer Inc. purchased a new position in Monolithic Power Systems during the second quarter worth approximately $33,000. Finally, Crewe Advisors LLC boosted its stake in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $950.00 price target on shares of Monolithic Power Systems in a research report on Tuesday. Loop Capital started coverage on Monolithic Power Systems in a research report on Monday. They issued a “hold” rating and a $660.00 price objective for the company. Finally, TD Cowen reduced their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $916.73.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares in the company, valued at approximately $19,432,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the completion of the sale, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at approximately $53,754,928.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 9,259 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the transaction, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,759 shares of company stock worth $34,985,340 in the last quarter. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $644.10 on Wednesday. The company has a market cap of $31.42 billion, a P/E ratio of 72.62, a P/E/G ratio of 3.08 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1-year low of $500.54 and a 1-year high of $959.64. The stock has a 50-day moving average of $871.40 and a two-hundred day moving average of $830.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal 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 issued a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.78%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

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.