Truvestments Capital LLC Increases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Truvestments Capital LLC boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440 shares of the semiconductor company’s stock after buying an additional 58 shares during the period. Truvestments Capital LLC’s holdings in Monolithic Power Systems were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Monolithic Power Systems by 26.3% during the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after purchasing an additional 93,362 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Monolithic Power Systems by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company’s stock valued at $290,537,000 after buying an additional 5,645 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Monolithic Power Systems by 14.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock valued at $226,767,000 after buying an additional 34,557 shares during the last quarter. American Century Companies Inc. increased its position in shares of Monolithic Power Systems by 0.5% in the 2nd quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company’s stock valued at $193,513,000 after acquiring an additional 1,262 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in Monolithic Power Systems by 0.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 191,147 shares of the semiconductor company’s stock worth $156,276,000 after acquiring an additional 1,102 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 734 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at $42,805,551.60. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,100 shares of company stock valued at $17,913,521 in the last three months. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Performance

MPWR stock opened at $600.86 on Tuesday. Monolithic Power Systems, Inc. has a one year low of $538.00 and a one year high of $959.64. The firm’s fifty day moving average is $826.30 and its 200 day moving average is $823.48. The firm has a market cap of $29.31 billion, a PE ratio of 67.74, a P/E/G ratio of 2.77 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS 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 business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several research analyst reports. Raymond James boosted their price target 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. Oppenheimer reiterated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday, November 11th. Truist Financial reissued a “buy” rating and set a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a report on Monday, November 18th. Finally, KeyCorp cut their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $840.36.

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.