Wealth Enhancement Advisory Services LLC Sells 93 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wealth Enhancement Advisory Services LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,180 shares of the semiconductor company’s stock after selling 93 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Monolithic Power Systems were worth $2,940,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden grew its position in shares of Monolithic Power Systems by 14.6% during the third quarter. Forsta AP Fonden now owns 10,200 shares of the semiconductor company’s stock worth $9,430,000 after purchasing an additional 1,300 shares in the last quarter. Outlook Wealth Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after buying an additional 12 shares in the last quarter. Allworth Financial LP boosted its position in shares of Monolithic Power Systems by 13.0% during the third quarter. Allworth Financial LP now owns 139 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 16 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in Monolithic Power Systems during the third quarter valued at $226,000. Finally, Ballentine Partners LLC bought a new stake in Monolithic Power Systems in the 3rd quarter valued at $301,000. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of a number of research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $880.00 price objective on shares of Monolithic Power Systems in a research report on Tuesday. Stifel Nicolaus lifted their price objective on 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Truist Financial reaffirmed a “buy” rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC reduced their price objective on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $942.40.

Monolithic Power Systems Stock Up 0.0 %

MPWR opened at $759.37 on Friday. The business has a fifty day moving average of $900.59 and a 200 day moving average of $821.62. Monolithic Power Systems, Inc. has a 52-week low of $459.69 and a 52-week high of $959.64. The stock has a market cap of $37.02 billion, a P/E ratio of 85.61, a PEG ratio of 4.25 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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 net margin of 21.29% and a return on equity of 21.00%. The business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is 56.37%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the sale, the executive vice president now directly owns 202,354 shares in the company, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the sale, the executive vice president now directly owns 202,354 shares in the company, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the sale, the chief financial officer now owns 64,178 shares of the company’s stock, valued at $49,955,513.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,636 shares of company stock worth $36,459,953. 3.70% of the stock is currently owned by company insiders.

About Monolithic Power Systems

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.