Boston Family Office LLC Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Boston Family Office LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 231 shares of the semiconductor company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its stake in Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 12 shares in the last quarter. Evergreen Capital Management LLC increased its position in Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after buying an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC increased its position in Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after buying an additional 12 shares in the last quarter. Greenleaf Trust boosted its holdings in Monolithic Power Systems by 1.5% in the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after acquiring an additional 14 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its stake in shares of Monolithic Power Systems by 4.8% in the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. KeyCorp decreased their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC decreased their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $840.36.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was 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 of the company’s stock, valued at $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,100 shares of company stock valued at $17,913,521. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Trading Up 3.5 %

Shares of MPWR stock opened at $600.86 on Tuesday. Monolithic Power Systems, Inc. has a 12 month low of $538.00 and a 12 month high of $959.64. The stock has a market cap of $29.31 billion, a P/E ratio of 67.74, a P/E/G ratio of 2.77 and a beta of 1.15. The company has a 50 day simple moving average of $826.30 and a two-hundred day simple moving average of $823.48.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to analysts’ expectations 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, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current 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 given a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.83%. Monolithic Power Systems’s payout ratio is currently 56.37%.

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.