Crestwood Advisors Group LLC Boosts Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Crestwood Advisors Group LLC grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 291 shares of the semiconductor company’s stock after purchasing an additional 40 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Monolithic Power Systems were worth $269,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. United Advisor Group LLC purchased a new stake in Monolithic Power Systems during the third quarter worth about $303,000. QRG Capital Management Inc. increased its stake in shares of Monolithic Power Systems by 23.7% during the 3rd quarter. QRG Capital Management Inc. now owns 6,663 shares of the semiconductor company’s stock worth $6,160,000 after purchasing an additional 1,276 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Monolithic Power Systems by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,478 shares of the semiconductor company’s stock worth $18,007,000 after purchasing an additional 153 shares during the period. National Pension Service lifted its stake in Monolithic Power Systems by 4.4% in the third quarter. National Pension Service now owns 70,088 shares of the semiconductor company’s stock valued at $64,796,000 after purchasing an additional 2,926 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Monolithic Power Systems by 86.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 38,333 shares of the semiconductor company’s stock valued at $35,439,000 after purchasing an additional 17,746 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $785.29 on Thursday. The stock has a market cap of $38.28 billion, a P/E ratio of 88.53, a PEG ratio of 3.68 and a beta of 1.15. Monolithic Power Systems, Inc. has a fifty-two week low of $480.43 and a fifty-two week high of $959.64. The firm’s fifty day moving average price is $887.61 and its 200-day moving average price is $826.83.

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 the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date of this dividend 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%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 29,714 shares in the company, valued at approximately $28,228,300. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,759 shares of company stock valued at $34,985,340 in the last quarter. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of recent research reports. TD Cowen dropped their price target 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, October 31st. Raymond James lifted their target price 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. Needham & Company LLC dropped 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 note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average 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.