OVERSEA CHINESE BANKING Corp Ltd Buys New Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 241 shares of the semiconductor company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth about $25,000. NBC Securities Inc. grew its holdings in shares of Monolithic Power Systems by 433.3% during 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 during the last quarter. Wolff Wiese Magana LLC increased its stake in shares of 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 valued at $32,000 after buying an additional 34 shares in the last quarter. Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems in the second quarter valued at about $33,000. Finally, Crewe Advisors LLC grew its position in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MPWR shares. Oppenheimer restated an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. KeyCorp lifted their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Raymond James increased their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, TD Cowen decreased 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $916.73.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the sale, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at $19,432,250. The trade was a 31.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. This represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,359 shares of company stock valued at $36,209,571 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $576.79 on Friday. The business’s 50-day simple moving average is $866.42 and its 200-day simple moving average is $828.49. Monolithic Power Systems, Inc. has a fifty-two week low of $532.86 and a fifty-two week high of $959.64. The stock has a market capitalization of $28.14 billion, a PE ratio of 64.88, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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). 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 the consensus estimate of $600.10 million. On average, research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

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.