Redhawk Wealth Advisors Inc. Grows Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Redhawk Wealth Advisors Inc. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,547 shares of the semiconductor company’s stock after buying an additional 69 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Monolithic Power Systems were worth $2,099,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MPWR. Assetmark Inc. grew its stake in shares of Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after acquiring an additional 1,082 shares in the last quarter. EULAV Asset Management grew its stake in Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock valued at $100,099,000 after purchasing an additional 8,600 shares in the last quarter. Empowered Funds LLC increased its holdings in Monolithic Power Systems by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after purchasing an additional 909 shares during the last quarter. Paragon Advisors LLC raised its position in shares of Monolithic Power Systems by 140.6% in the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock valued at $3,034,000 after purchasing an additional 2,997 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MPWR shares. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target on the stock. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Loop Capital raised shares of 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. Oppenheimer reiterated an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. Finally, Wells Fargo & Company began coverage on Monolithic Power Systems in a research note on Friday, November 22nd. They set an “equal weight” rating and a $610.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $828.67.

Monolithic Power Systems Trading Up 2.1 %

Shares of NASDAQ MPWR opened at $602.41 on Thursday. The company has a market cap of $29.39 billion, a price-to-earnings ratio of 67.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.03. The stock’s 50 day simple moving average is $605.34 and its 200 day simple moving average is $777.78. 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 announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm 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 analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.83%. The ex-dividend date was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the transaction, the chief financial officer now owns 56,678 shares of the company’s stock, valued at approximately $43,809,826.88. This represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 6,600 shares of company stock worth $4,656,631. 3.70% of the stock is owned by company insiders.

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.