Wedmont Private Capital Purchases 215 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wedmont Private Capital raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 885 shares of the semiconductor company’s stock after purchasing an additional 215 shares during the quarter. Wedmont Private Capital’s holdings in Monolithic Power Systems were worth $823,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MPWR. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $25,000. RiverPark Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at about $27,000. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at about $31,000. Atwood & Palmer Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter valued at about $33,000. Finally, Crewe Advisors LLC increased its holdings in shares of Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MPWR has been the topic of a number of recent analyst reports. KeyCorp increased their target price 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. Raymond James lifted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Rosenblatt Securities boosted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus upped their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $959.90.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the transaction, the executive vice president now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Deming Xiao sold 3,205 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the completion of the sale, the executive vice president now owns 203,213 shares of the company’s stock, valued at $168,987,866.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 57,535 shares of company stock valued at $51,396,728. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Down 0.6 %

NASDAQ MPWR opened at $930.07 on Friday. The stock’s 50-day moving average price is $888.27 and its two-hundred day moving average price is $797.58. The company has a market cap of $45.34 billion, a PE ratio of 110.72, a PEG ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 EPS. Research analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.54%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.52%.

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.