Truvestments Capital LLC Acquires 58 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Truvestments Capital LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 440 shares of the semiconductor company’s stock after buying an additional 58 shares during the period. Truvestments Capital LLC’s holdings in Monolithic Power Systems were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Monolithic Power Systems during the second quarter worth approximately $25,000. NBC Securities Inc. boosted its holdings in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Monolithic Power Systems by 3,400.0% during the 3rd 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 stake in Monolithic Power Systems during the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC lifted 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 buying an additional 24 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Activity

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the transaction, the chief financial officer now directly owns 59,178 shares in the company, valued at approximately $53,754,928.08. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,100 shares of company stock worth $17,913,521. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Up 3.5 %

Shares of NASDAQ MPWR opened at $600.86 on Tuesday. Monolithic Power Systems, Inc. has a twelve month low of $538.00 and a twelve month high of $959.64. The firm has a market cap of $29.31 billion, a PE ratio of 67.74, a price-to-earnings-growth ratio of 2.77 and a beta of 1.15. The business has a fifty day simple moving average of $826.30 and a two-hundred day simple moving average of $823.48.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data 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 net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. On average, research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.83%. Monolithic Power Systems’s payout ratio is presently 56.37%.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of analyst reports. KeyCorp cut their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. TD Cowen reduced 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, October 31st. Stifel Nicolaus raised 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 note on Friday, September 27th. Raymond James upped their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $840.36.

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.