Lewis Asset Management LLC Purchases 62 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Lewis Asset Management LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 484 shares of the semiconductor company’s stock after purchasing an additional 62 shares during the period. Lewis Asset Management LLC’s holdings in Monolithic Power Systems were worth $448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Family Firm Inc. bought a new stake in Monolithic Power Systems in the 2nd quarter valued at $25,000. NBC Securities Inc. raised its position in Monolithic Power Systems by 433.3% in the third 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 raised its position in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 34 shares in the last quarter. Atwood & Palmer Inc. bought a new position in Monolithic Power Systems during the second quarter worth about $33,000. Finally, Crewe Advisors LLC boosted its holdings in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in 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 2,500 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 56,678 shares in the company, valued at $43,809,826.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the sale, the chief financial officer now owns 56,678 shares of the company’s stock, valued at approximately $43,809,826.88. This trade represents 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 Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,759 shares of company stock worth $34,985,340. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $775.21 on Friday. The stock has a market capitalization of $37.79 billion, a PE ratio of 87.40, a price-to-earnings-growth ratio of 3.68 and a beta of 1.15. The company has a 50 day moving average price of $884.50 and a 200 day moving average price of $826.47. Monolithic Power Systems, Inc. has a fifty-two week low of $480.43 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share 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 the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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 $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.64%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MPWR shares. TD Cowen cut their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Truist Financial reissued a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. KeyCorp upped their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC reduced their price target on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Raymond James upped their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $942.40.

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.