RDA Financial Network Makes New $1.92 Million Investment in Monolithic Power Systems, Inc. $MPWR

RDA Financial Network bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 2,090 shares of the semiconductor company’s stock, valued at approximately $1,924,000.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Monolithic Power Systems in the second quarter valued at $438,014,000. Price T Rowe Associates Inc. MD increased its position in shares of Monolithic Power Systems by 33.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock worth $1,180,104,000 after purchasing an additional 506,430 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Monolithic Power Systems by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after purchasing an additional 227,159 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after purchasing an additional 140,269 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Monolithic Power Systems by 87.9% in the 1st quarter. BNP Paribas Financial Markets now owns 284,097 shares of the semiconductor company’s stock valued at $164,771,000 after purchasing an additional 132,880 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Monolithic Power Systems news, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. The trade was a 9.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $908.21, for a total value of $2,724,630.00. Following the transaction, the chief financial officer owned 71,332 shares in the company, valued at $64,784,435.72. The trade was a 4.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 86,516 shares of company stock worth $80,331,635 in the last three months. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $912.25 on Thursday. The stock has a fifty day moving average price of $968.76 and a 200 day moving average price of $855.65. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,123.38. The company has a market cap of $43.71 billion, a PE ratio of 23.30, a P/E/G ratio of 3.21 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company had revenue of $737.18 million for the quarter, compared to analysts’ expectations of $720.66 million. During the same period in the previous year, the company posted $4.06 EPS. Monolithic Power Systems’s revenue was up 18.9% compared to the same quarter last year. Analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio is currently 15.93%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several research analyst reports. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. TD Cowen lifted their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,047.27.

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.