Paragon Advisors LLC Raises Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Paragon Advisors LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,131 shares of the semiconductor company’s stock after acquiring an additional 94 shares during the period. Paragon Advisors LLC’s holdings in Monolithic Power Systems were worth $1,970,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MPWR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Monolithic Power Systems by 61.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock worth $2,010,000 after acquiring an additional 1,124 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of Monolithic Power Systems by 62.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 1,683 shares of the semiconductor company’s stock valued at $1,140,000 after purchasing an additional 646 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in Monolithic Power Systems by 66.2% during the first quarter. Nicolet Advisory Services LLC now owns 806 shares of the semiconductor company’s stock valued at $550,000 after buying an additional 321 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after acquiring an additional 55,874 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Monolithic Power Systems by 224.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after buying an additional 1,057 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $532.86 and a fifty-two week high of $959.64. The firm has a market capitalization of $27.97 billion, a P/E ratio of 64.64, a PEG ratio of 2.86 and a beta of 1.15. The stock has a 50-day simple moving average of $856.47 and a two-hundred day simple moving average of $826.00.

Monolithic Power Systems (NASDAQ:MPWR) last posted its 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on MPWR. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Truist Financial reissued a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Raymond James raised their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. TD Cowen lowered their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Loop Capital began coverage on shares of Monolithic Power Systems in a research report on Monday, November 11th. They issued a “hold” rating and a $660.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $916.73.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction 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. The trade was a 25.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 734 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 55,944 shares in the company, valued at approximately $42,805,551.60. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,359 shares of company stock worth $36,209,571 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

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.