SteelPeak Wealth LLC grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 45.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,243 shares of the semiconductor company’s stock after purchasing an additional 391 shares during the period. SteelPeak Wealth LLC’s holdings in Monolithic Power Systems were worth $737,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of MPWR. FMR LLC grew its holdings in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares during the period. State Street Corp boosted its position in shares of Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after purchasing an additional 42,678 shares in the last quarter. Geode Capital Management LLC grew its stake in Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after purchasing an additional 133,838 shares during the period. Van ECK Associates Corp raised its holdings in Monolithic Power Systems by 26.3% in the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after purchasing an additional 93,362 shares in the last quarter. Finally, Barclays PLC lifted its position in Monolithic Power Systems by 5.0% during the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock valued at $297,799,000 after buying an additional 15,350 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on MPWR. TD Cowen reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC decreased their target price 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, November 22nd. Oppenheimer reissued an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. KeyCorp reduced their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Finally, Wells Fargo & Company initiated coverage on Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $828.67.
Monolithic Power Systems Stock Up 2.9 %
Shares of NASDAQ MPWR opened at $636.78 on Friday. The firm’s 50-day moving average price is $608.30 and its 200-day moving average price is $762.75. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a market cap of $31.06 billion, a PE ratio of 71.79, a PEG ratio of 2.64 and a beta of 1.03.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio is 56.37%.
Insiders Place Their Bets
In related news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,100 shares of company stock valued at $2,724,231. Insiders own 3.70% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Monolithic Power Systems
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- How Investors Can Find the Best Cheap Dividend Stocks
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- How to Evaluate a Stock Before Buying
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report).
Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.