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

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

Several other institutional investors have also bought and sold shares of the business. Family Firm Inc. purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $25,000. NBC Securities Inc. boosted its holdings in shares of 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 boosted its stake in Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the period. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems during the third quarter valued at $36,000. Finally, Atwood & Palmer Inc. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at $33,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the sale, the executive vice president now directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,100 shares of company stock worth $17,913,521 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 3.5 %

NASDAQ MPWR opened at $600.86 on Tuesday. The firm has a market cap of $29.31 billion, a PE ratio of 67.74, a price-to-earnings-growth ratio of 2.77 and a beta of 1.15. Monolithic Power Systems, Inc. has a 52 week low of $538.00 and a 52 week high of $959.64. The company has a 50 day moving average price of $826.30 and a 200 day moving average price of $823.48.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid 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 0.83%. Monolithic Power Systems’s payout ratio is 56.37%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MPWR. Needham & Company LLC dropped their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday. Truist Financial restated a “buy” rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, KeyCorp reduced their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $840.36.

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.