Wellington Management Group LLP Increases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wellington Management Group LLP boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,104,225 shares of the semiconductor company’s stock after buying an additional 251 shares during the quarter. Wellington Management Group LLP owned approximately 2.26% of Monolithic Power Systems worth $1,020,856,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MPWR. Family Firm Inc. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at about $25,000. NBC Securities Inc. grew its position in 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 in the last quarter. Wolff Wiese Magana LLC increased its stake in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter worth approximately $36,000. Finally, Crewe Advisors LLC boosted its stake in shares of Monolithic Power Systems by 126.3% in the 2nd 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.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,600 shares of company stock worth $15,653,021 in the last quarter. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Stock Up 3.0 %

NASDAQ MPWR opened at $589.68 on Friday. The firm has a market cap of $28.76 billion, a P/E ratio of 66.48, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The company’s 50 day moving average is $761.58 and its 200-day moving average is $811.94. Monolithic Power Systems, Inc. has a 12-month low of $546.71 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Equities analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.85%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Analyst Ratings Changes

A number of analysts recently commented on the company. KeyCorp decreased their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Needham & Company LLC decreased their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Oppenheimer reiterated an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $840.36.

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.