Inspire Investing LLC Grows Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Inspire Investing LLC grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,114 shares of the semiconductor company’s stock after buying an additional 256 shares during the period. Inspire Investing LLC’s holdings in Monolithic Power Systems were worth $4,209,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Whalen Wealth Management Inc. purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $234,000. Advisory Alpha LLC boosted its stake in shares of Monolithic Power Systems by 18.2% in the 4th quarter. Advisory Alpha LLC now owns 526 shares of the semiconductor company’s stock valued at $311,000 after purchasing an additional 81 shares in the last quarter. XML Financial LLC boosted its stake in shares of Monolithic Power Systems by 3.8% in the 4th quarter. XML Financial LLC now owns 991 shares of the semiconductor company’s stock valued at $586,000 after purchasing an additional 36 shares in the last quarter. Perpetual Ltd boosted its stake in shares of Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock valued at $1,737,000 after purchasing an additional 2,679 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Monolithic Power Systems by 34.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,909 shares of the semiconductor company’s stock valued at $2,905,000 after purchasing an additional 1,266 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Friday, November 1st. The shares were 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 directly owns 56,678 shares in the company, valued at $43,809,826.88. This trade represents a 4.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,600 shares of company stock worth $4,656,631 in the last three months. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC cut their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a research note on Monday, November 18th. Oppenheimer reissued an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Citigroup began coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target for the company. Finally, Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $828.67.

Monolithic Power Systems Trading Up 8.0 %

Shares of NASDAQ MPWR opened at $689.42 on Thursday. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The firm has a market capitalization of $33.63 billion, a PE ratio of 77.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The firm has a fifty day simple moving average of $600.27 and a two-hundred day simple moving average of $770.84.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. On average, sell-side analysts predict 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 Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.73%. Monolithic Power Systems’s payout ratio is 56.37%.

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.