Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Position Lifted by Plato Investment Management Ltd

Plato Investment Management Ltd grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,059 shares of the semiconductor company’s stock after acquiring an additional 121 shares during the period. Plato Investment Management Ltd’s holdings in Monolithic Power Systems were worth $978,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MPWR. Family Firm Inc. bought a new stake in Monolithic Power Systems in the second quarter worth approximately $25,000. NBC Securities Inc. grew its position in Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC grew its position in 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 worth $32,000 after acquiring an additional 34 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in Monolithic Power Systems in the second quarter worth approximately $33,000. Finally, Crewe Advisors LLC grew its position in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on MPWR shares. Oppenheimer reissued an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $950.00 price objective on shares of Monolithic Power Systems in a research note on Tuesday. Truist Financial restated a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, Loop Capital started coverage on shares of Monolithic Power Systems in a research note on Monday. They issued a “hold” rating and a $660.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $916.73.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. This trade represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,359 shares of company stock worth $36,209,571. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $576.79 on Friday. The stock has a market cap of $28.14 billion, a P/E ratio of 65.03, a PEG ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a one year low of $532.86 and a one year high of $959.64. The company has a fifty day moving average price of $866.42 and a 200 day moving average price of $828.49.

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 the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is 56.37%.

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.