Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 219.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,640 shares of the semiconductor company’s stock after acquiring an additional 4,561 shares during the period. Oak Ridge Investments LLC’s holdings in Monolithic Power Systems were worth $6,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MPWR. Family Firm Inc. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $25,000. RiverPark Advisors LLC purchased a new stake in Monolithic Power Systems in the 1st quarter valued at about $27,000. NBC Securities Inc. grew its stake in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in 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 worth $32,000 after acquiring an additional 34 shares in the last quarter. Finally, Atwood & Palmer Inc. acquired a new stake in shares of Monolithic Power Systems during the second quarter worth about $33,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 859 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the transaction, the executive vice president now directly owns 202,354 shares in the company, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,636 shares of company stock valued at $36,459,953. 3.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft upped their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. TD Cowen cut their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday. KeyCorp boosted their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Needham & Company LLC lowered their target price on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research note on Tuesday. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $942.40.

Monolithic Power Systems Trading Down 17.5 %

Shares of MPWR stock opened at $759.30 on Friday. The firm has a fifty day simple moving average of $903.58 and a 200-day simple moving average of $822.06. The company has a market capitalization of $37.02 billion, a PE ratio of 85.60, a price-to-earnings-growth ratio of 4.25 and a beta of 1.11. Monolithic Power Systems, Inc. has a twelve month low of $409.05 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 21.00% and a net margin of 21.29%. Equities research analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

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.