Atlanta Consulting Group Advisors LLC Invests $297,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Atlanta Consulting Group Advisors LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 321 shares of the semiconductor company’s stock, valued at approximately $297,000.

Several other hedge funds also recently bought and sold shares of MPWR. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the second quarter worth about $25,000. NBC Securities Inc. boosted its stake in Monolithic Power Systems by 433.3% in the 3rd 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 period. Wolff Wiese Magana LLC grew its holdings in Monolithic Power Systems by 3,400.0% during the 3rd 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. Ashton Thomas Securities LLC bought a new stake in shares of Monolithic Power Systems during the third quarter valued at approximately $36,000. Finally, Atwood & Palmer Inc. purchased a new position in shares of Monolithic Power Systems in the second quarter worth $33,000. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MPWR. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted 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 report on Friday, September 27th. Loop Capital assumed coverage on Monolithic Power Systems in a report on Monday, November 11th. They set a “hold” rating and a $660.00 price target for the company. Truist Financial reaffirmed a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, KeyCorp raised their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $916.73.

Monolithic Power Systems Trading Down 0.6 %

Monolithic Power Systems stock opened at $573.38 on Monday. Monolithic Power Systems, Inc. has a 12-month low of $532.86 and a 12-month high of $959.64. The firm has a 50-day moving average price of $856.47 and a 200-day moving average price of $827.10. The firm has a market capitalization of $27.97 billion, a PE ratio of 64.64, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, sell-side 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. Shareholders of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 annualized dividend 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%.

Insiders Place Their Bets

In other news, 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 transaction of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 39,359 shares of company stock worth $36,209,571 over the last quarter. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Company 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.