2,564 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Purchased by Jackson Wealth Management LLC

Jackson Wealth Management LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,564 shares of the semiconductor company’s stock, valued at approximately $2,370,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Monolithic Power Systems by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after purchasing an additional 55,874 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Monolithic Power Systems by 4.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 483,812 shares of the semiconductor company’s stock valued at $327,743,000 after purchasing an additional 22,725 shares in the last quarter. Van ECK Associates Corp grew its stake in Monolithic Power Systems by 10.4% in the second quarter. Van ECK Associates Corp now owns 354,461 shares of the semiconductor company’s stock valued at $291,254,000 after purchasing an additional 33,287 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after acquiring an additional 148,771 shares during the period. Finally, Earnest Partners LLC boosted its stake in shares of Monolithic Power Systems by 5.2% during the 1st quarter. Earnest Partners LLC now owns 290,876 shares of the semiconductor company’s stock worth $197,045,000 after acquiring an additional 14,327 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 728 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the sale, the chief financial officer now directly owns 64,178 shares of the company’s stock, valued at $49,955,513.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the transaction, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the transaction, the chief financial officer now directly owns 64,178 shares of the company’s stock, valued at approximately $49,955,513.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,136 shares of company stock valued at $38,591,228 over the last ninety days. 3.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MPWR has been the subject of several research analyst reports. TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. Truist Financial reiterated a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. KeyCorp lifted their target price 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. Finally, Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $959.90.

Monolithic Power Systems Price Performance

MPWR stock traded up $13.45 during midday trading on Thursday, reaching $897.09. 101,173 shares of the stock were exchanged, compared to its average volume of 526,184. The company has a fifty day moving average price of $904.77 and a 200 day moving average price of $813.86. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64. The stock has a market capitalization of $43.67 billion, a PE ratio of 105.32, a P/E/G ratio of 4.33 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same period in the previous year, the business earned $2.05 EPS. The firm’s revenue was up 15.0% compared to the same quarter last year. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

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.