Verition Fund Management LLC Has $1.12 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Verition Fund Management LLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 150.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,211 shares of the semiconductor company’s stock after purchasing an additional 727 shares during the quarter. Verition Fund Management LLC’s holdings in Monolithic Power Systems were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC grew its stake in Monolithic Power Systems by 3.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 12 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 12 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 12 shares during the period. Greenleaf Trust lifted its position in shares of Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after purchasing an additional 14 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 14 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the transaction, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at $53,754,928.08. The trade was a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares of the company’s stock, 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. Insiders sold 17,600 shares of company stock valued at $15,653,021 in the last ninety days. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Up 3.0 %

MPWR stock opened at $589.68 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The business’s 50 day moving average is $761.58 and its 200-day moving average is $812.33. The firm has a market cap of $28.76 billion, a P/E ratio of 66.48, a P/E/G ratio of 2.77 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on the company. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a research report on Monday, November 18th. KeyCorp cut their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Oppenheimer restated an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday, November 11th. Truist Financial reiterated a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 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 issued a buy rating to the company’s 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 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.