Pinnacle Financial Partners Inc Acquires 195 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pinnacle Financial Partners Inc increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.6% during the third quarter, Holdings Channel.com reports. The firm owned 12,317 shares of the semiconductor company’s stock after buying an additional 195 shares during the period. Pinnacle Financial Partners Inc’s holdings in Monolithic Power Systems were worth $11,387,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC lifted its stake in shares of Monolithic Power Systems by 11.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 363 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 36 shares during the period. Meeder Advisory Services Inc. boosted its holdings in Monolithic Power Systems by 10.8% in the first quarter. Meeder Advisory Services Inc. now owns 401 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 39 shares during the period. ProShare Advisors LLC increased its stake in shares of Monolithic Power Systems by 11.8% during the first quarter. ProShare Advisors LLC now owns 14,055 shares of the semiconductor company’s stock worth $9,521,000 after buying an additional 1,489 shares during the period. Entropy Technologies LP purchased a new stake in shares of Monolithic Power Systems in the 1st quarter valued at approximately $1,173,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in 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 valued at $2,010,000 after buying an additional 1,124 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MPWR has been the topic of a number of research reports. Oppenheimer restated an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. KeyCorp raised their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. 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. Finally, TD Cowen cut their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $916.73.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated 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 approximately $43,809,826.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Maurice Sciammas sold 11,000 shares of the business’s 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 transaction, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the transaction, the chief financial officer now directly owns 56,678 shares in the company, valued at approximately $43,809,826.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,759 shares of company stock worth $34,985,340. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Down 0.5 %

Shares of NASDAQ:MPWR opened at $644.10 on Wednesday. The company has a market cap of $31.42 billion, a price-to-earnings ratio of 72.62, a PEG ratio of 3.08 and a beta of 1.15. Monolithic Power Systems, Inc. has a twelve month low of $500.54 and a twelve month high of $959.64. The business has a 50 day moving average price of $871.40 and a 200 day moving average price of $830.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its 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 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) 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.