United Asset Strategies Inc. Purchases Shares of 959 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

United Asset Strategies Inc. purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 959 shares of the semiconductor company’s stock, valued at approximately $887,000.

Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Monolithic Power Systems by 19.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after acquiring an additional 9,125 shares during the period. Cetera Investment Advisers lifted its stake in shares of Monolithic Power Systems by 237.3% during the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after buying an additional 4,760 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Monolithic Power Systems by 4.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after buying an additional 5,335 shares during the last quarter. Czech National Bank lifted its stake in shares of Monolithic Power Systems by 9.8% during the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after buying an additional 824 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Monolithic Power Systems by 224.4% during 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 during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $759.30 on Friday. The company has a market capitalization of $37.02 billion, a P/E ratio of 85.60, a price-to-earnings-growth ratio of 4.25 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52-week low of $409.05 and a 52-week high of $959.64. The company’s 50 day moving average price is $903.58 and its 200-day moving average price is $822.06.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 21.00% and a net margin of 21.29%. The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.66%. Monolithic Power Systems’s payout ratio is presently 56.37%.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 29,714 shares in the company, valued at $28,228,300. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the transaction, the chief financial officer now owns 64,178 shares in the company, valued at approximately $49,955,513.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the transaction, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,636 shares of company stock worth $36,459,953 in the last quarter. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MPWR. Deutsche Bank Aktiengesellschaft raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Rosenblatt Securities restated a “buy” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research note on Tuesday. Truist Financial restated a “buy” rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. TD Cowen dropped their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Raymond James lifted their price objective 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. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus 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.